Short Interest in Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Declines By 38.9%

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 15,787 shares, a decrease of 38.9% from the May 14th total of 25,840 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 207,561 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Franklin FTSE Brazil ETF

A number of institutional investors have recently made changes to their positions in the stock. O Brien Greene & Co. Inc lifted its stake in shares of Franklin FTSE Brazil ETF by 9.0% in the 4th quarter. O Brien Greene & Co. Inc now owns 634,591 shares of the company’s stock worth $12,089,000 after acquiring an additional 52,418 shares during the period. Morningstar Investment Management LLC lifted 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 worth $8,148,000 after acquiring an additional 101,763 shares during the period. Royal Bank of Canada lifted 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 worth $5,686,000 after acquiring an additional 108,477 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE Brazil ETF in the 3rd quarter worth approximately $3,620,000. Finally, Empowered Funds LLC acquired a new stake in shares of Franklin FTSE Brazil ETF in the 1st quarter worth approximately $3,092,000.

Franklin FTSE Brazil ETF Stock Performance

Shares of NYSEARCA:FLBR traded down $0.09 during trading on Monday, reaching $21.97. The company had a trading volume of 67,351 shares, compared to its average volume of 277,798. The firm’s fifty day moving average is $23.81 and its 200 day moving average is $22.38. The firm has a market capitalization of $549.25 million, a PE ratio of 9.04 and a beta of 0.62. Franklin FTSE Brazil ETF has a twelve month low of $16.45 and a twelve month high of $26.25.

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.