Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Short Interest Down 59.8% in February

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the recipient of a large 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. Approximately 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 47,520 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 47,520 shares, the days-to-cover ratio is presently 1.7 days. Approximately 3.2% of the company’s shares are sold short.

Franklin FTSE Latin America ETF Trading Down 0.6%

NYSEARCA:FLLA traded down $0.17 during trading hours on Friday, hitting $29.14. The company’s stock had a trading volume of 150,754 shares, compared to its average volume of 57,178. The stock has a market capitalization of $72.85 million, a P/E ratio of 10.26 and a beta of 0.90. Franklin FTSE Latin America ETF has a 52-week low of $17.46 and a 52-week high of $29.60. The stock has a fifty day moving average of $26.88 and a 200-day moving average of $24.58.

Institutional Investors Weigh In On Franklin FTSE Latin America ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FLLA. Independent Advisor Alliance raised its stake in shares of Franklin FTSE Latin America ETF by 288.9% in the 3rd quarter. Independent Advisor Alliance now owns 38,303 shares of the company’s stock valued at $898,000 after purchasing an additional 28,455 shares in the last quarter. Old Port Advisors lifted its stake in shares of Franklin FTSE Latin America ETF by 49.6% in the 3rd quarter. Old Port Advisors now owns 107,406 shares of the company’s stock worth $2,517,000 after acquiring an additional 35,608 shares during the period. Wealthspire Advisors LLC bought a new position in Franklin FTSE Latin America ETF during the second quarter valued at about $274,000. Simon Quick Advisors LLC bought a new position in shares of Franklin FTSE Latin America ETF in the second quarter valued at $1,780,000. Finally, WealthShield Partners LLC purchased a new stake in Franklin FTSE Latin America ETF during the second quarter valued at about $62,000.

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.