Short Interest in Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Drops By 45.7%

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 75,952 shares, a decrease of 45.7% from the July 30th total of 139,921 shares. Based on an average daily trading volume, of 173,447 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Franklin FTSE Brazil ETF Stock Up 2.2%

Shares of Franklin FTSE Brazil ETF stock traded up $0.50 on Tuesday, hitting $22.81. 74,725 shares of the company traded hands, compared to its average volume of 238,961. Franklin FTSE Brazil ETF has a 12-month low of $17.65 and a 12-month high of $26.25. The company has a market cap of $561.13 million, a PE ratio of 9.04 and a beta of 0.62. The company has a 50-day moving average price of $21.82 and a 200 day moving average price of $22.86.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of Franklin FTSE Brazil ETF by 30.6% in the first quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after buying an additional 17,889 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Franklin FTSE Brazil ETF by 83.7% in the 1st quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock valued at $5,686,000 after purchasing an additional 108,477 shares during the period. Morningstar Investment Management LLC boosted its stake in shares of Franklin FTSE Brazil ETF by 42.5% in the 1st quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock valued at $8,148,000 after purchasing an additional 101,763 shares in the last quarter. Parallel Advisors LLC grew its stake in Franklin FTSE Brazil ETF by 11.0% during the first quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock worth $119,000 after buying an additional 494 shares during the last quarter. Finally, ES4 LLC increased its holdings in Franklin FTSE Brazil ETF by 244.5% during the 1st quarter. ES4 LLC now owns 41,600 shares of the company’s stock valued at $994,000 after purchasing an additional 29,524 shares in the last quarter.

Franklin FTSE Brazil ETF Company Profile

The Franklin FTSE Brazil ETF (FLBR) is an exchange-traded fund that is based on the FTSE Brazil RIC Capped index. The fund tracks a market cap-weighted index of Brazilian large- and mid-cap stocks. FLBR was launched on Nov 3, 2017 and is managed by Franklin Templeton.