Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Sees Significant Increase in Short Interest

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 19,410 shares, a growth of 119.2% from the April 30th total of 8,853 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 60,761 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Franklin FTSE Latin America ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLLA. Independent Advisor Alliance raised its stake in shares of Franklin FTSE Latin America ETF by 288.9% during the third quarter. Independent Advisor Alliance now owns 38,303 shares of the company’s stock valued at $898,000 after acquiring an additional 28,455 shares during the last quarter. Old Port Advisors raised its stake in shares of Franklin FTSE Latin America ETF by 18.5% during the fourth quarter. Old Port Advisors now owns 127,230 shares of the company’s stock valued at $3,065,000 after acquiring an additional 19,824 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Franklin FTSE Latin America ETF during the fourth quarter valued at $752,000. Orion Porfolio Solutions LLC bought a new position in shares of Franklin FTSE Latin America ETF during the fourth quarter valued at $313,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Franklin FTSE Latin America ETF during the second quarter valued at $252,000.

Franklin FTSE Latin America ETF Stock Performance

Shares of NYSEARCA FLLA traded down $0.27 during trading hours on Friday, hitting $27.69. 170,026 shares of the stock were exchanged, compared to its average volume of 60,102. The company has a market cap of $107.99 million, a PE ratio of 10.26 and a beta of 0.71. The company’s fifty day simple moving average is $28.65 and its two-hundred day simple moving average is $27.08. Franklin FTSE Latin America ETF has a 1-year low of $20.46 and a 1-year high of $30.98.

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.