Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Short Interest Update

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 79,968 shares, a decline of 59.8% from the January 29th total of 198,713 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average trading volume of 47,520 shares, the days-to-cover ratio is currently 1.7 days. Based on an average trading volume of 47,520 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Simon Quick Advisors LLC acquired a new stake in shares of Franklin FTSE Latin America ETF in the 2nd quarter valued at $1,780,000. Old Port Advisors lifted its holdings in Franklin FTSE Latin America ETF by 49.6% during the 3rd quarter. Old Port Advisors now owns 107,406 shares of the company’s stock valued at $2,517,000 after purchasing an additional 35,608 shares during the last quarter. Jane Street Group LLC acquired a new position in Franklin FTSE Latin America ETF in the fourth quarter valued at about $858,000. Lazard Asset Management LLC acquired a new position in Franklin FTSE Latin America ETF in the fourth quarter valued at about $752,000. Finally, Independent Advisor Alliance grew its stake in Franklin FTSE Latin America ETF by 288.9% during the third quarter. Independent Advisor Alliance now owns 38,303 shares of the company’s stock worth $898,000 after buying an additional 28,455 shares during the last quarter.

Franklin FTSE Latin America ETF Trading Down 0.6%

NYSEARCA FLLA opened at $29.14 on Friday. Franklin FTSE Latin America ETF has a 1-year low of $17.46 and a 1-year high of $29.60. The company has a market capitalization of $72.85 million, a price-to-earnings ratio of 10.26 and a beta of 0.90. The stock’s 50 day moving average is $26.88 and its two-hundred day moving average is $24.58.

About Franklin FTSE Latin America ETF

The Franklin FTSE Latin America ETF (FLLA) is an exchange-traded fund that is based on the FTSE Latin America RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Latin American equities. FLLA was launched on Oct 9, 2018 and is managed by Franklin Templeton.