Short Interest in Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Grows By 88.7%

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 76,815 shares, a growth of 88.7% from the June 30th total of 40,699 shares. Based on an average trading volume of 25,725 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in shares of Franklin FTSE Latin America ETF in the second quarter valued at approximately $252,000. Raymond James Financial Inc. increased its holdings in shares of Franklin FTSE Latin America ETF by 23.2% in the 2nd quarter. Raymond James Financial Inc. now owns 68,096 shares of the company’s stock valued at $1,478,000 after acquiring an additional 12,836 shares during the period. MML Investors Services LLC raised its position in Franklin FTSE Latin America ETF by 5.9% in the 2nd quarter. MML Investors Services LLC now owns 42,423 shares of the company’s stock valued at $921,000 after purchasing an additional 2,378 shares during the last quarter. Bank of America Corp DE raised its position in Franklin FTSE Latin America ETF by 1.2% in the 3rd quarter. Bank of America Corp DE now owns 55,842 shares of the company’s stock valued at $1,309,000 after purchasing an additional 651 shares during the last quarter. Finally, Baker Ellis Asset Management LLC acquired a new stake in Franklin FTSE Latin America ETF during the 4th quarter worth $289,000.

Franklin FTSE Latin America ETF Stock Performance

Shares of FLLA stock traded up $0.01 during mid-day trading on Friday, hitting $27.66. 20,049 shares of the stock were exchanged, compared to its average volume of 50,196. The stock’s fifty day simple moving average is $27.08 and its two-hundred day simple moving average is $27.83. Franklin FTSE Latin America ETF has a 12-month low of $20.46 and a 12-month high of $30.98. The stock has a market capitalization of $110.64 million, a price-to-earnings ratio of 10.26 and a beta of 0.69.

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.