Short Interest in Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Declines By 81.8%

by · The Cerbat Gem

Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 25,840 shares, a decline of 81.8% from the April 30th total of 142,019 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 310,760 shares, the days-to-cover ratio is presently 0.1 days.

Franklin FTSE Brazil ETF Stock Performance

Shares of FLBR stock traded down $0.19 on Friday, hitting $22.48. 334,777 shares of the stock traded hands, compared to its average volume of 287,833. The firm’s 50-day moving average price is $24.03 and its two-hundred day moving average price is $22.25. The stock has a market capitalization of $562 million, a PE ratio of 9.04 and a beta of 0.66. Franklin FTSE Brazil ETF has a twelve month low of $16.45 and a twelve month high of $26.25.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FLBR. Parallel Advisors LLC increased 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 purchasing an additional 494 shares during the period. Osaic Holdings Inc. increased its stake in Franklin FTSE Brazil ETF by 6.7% during the second quarter. Osaic Holdings Inc. now owns 18,659 shares of the company’s stock worth $335,000 after purchasing an additional 1,174 shares during the period. MMA Asset Management LLC increased its stake in Franklin FTSE Brazil ETF by 1.5% during the fourth quarter. MMA Asset Management LLC now owns 119,064 shares of the company’s stock worth $2,268,000 after purchasing an additional 1,802 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Franklin FTSE Brazil ETF by 9.3% during the third quarter. Wealthfront Advisers LLC now owns 21,433 shares of the company’s stock worth $408,000 after buying an additional 1,822 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Franklin FTSE Brazil ETF during the fourth quarter worth approximately $37,000.

Franklin FTSE Brazil ETF Company Profile

(Get Free Report)

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.

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