Short Interest in Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Increases By 140.0%

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 250,916 shares, an increase of 140.0% from the December 31st total of 104,539 shares. Based on an average daily volume of 46,110 shares, the short-interest ratio is presently 5.4 days. Currently, 11.4% of the company’s shares are short sold. Currently, 11.4% of the company’s shares are short sold. Based on an average daily volume of 46,110 shares, the short-interest ratio is presently 5.4 days.

Institutional Trading of Franklin FTSE Latin America ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLLA. Old Port Advisors increased its stake 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 in the last quarter. Total Clarity Wealth Management Inc. grew its holdings in shares of Franklin FTSE Latin America ETF by 22.0% during the second quarter. Total Clarity Wealth Management Inc. now owns 22,307 shares of the company’s stock valued at $484,000 after buying an additional 4,021 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in shares of Franklin FTSE Latin America ETF during the second quarter valued at approximately $274,000. WealthShield Partners LLC bought a new stake in shares of Franklin FTSE Latin America ETF during the second quarter valued at approximately $62,000. Finally, Simon Quick Advisors LLC purchased a new position in Franklin FTSE Latin America ETF in the 2nd quarter worth approximately $1,780,000.

Franklin FTSE Latin America ETF Stock Performance

FLLA traded down $0.98 on Friday, hitting $27.60. 63,808 shares of the company were exchanged, compared to its average volume of 56,230. The firm has a fifty day simple moving average of $25.27 and a two-hundred day simple moving average of $23.49. The stock has a market capitalization of $63.48 million, a PE ratio of 10.26 and a beta of 0.90. Franklin FTSE Latin America ETF has a 12 month low of $17.46 and a 12 month high of $29.06.

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.