Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Short Interest Up 1,839.1% in June

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 13,283 shares, an increase of 1,839.1% from the May 31st total of 685 shares. Based on an average daily volume of 13,475 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in Franklin FTSE Mexico ETF during the 1st quarter worth $211,000. Osaic Holdings Inc. lifted its position in shares of Franklin FTSE Mexico ETF by 7.6% during the 4th quarter. Osaic Holdings Inc. now owns 8,854 shares of the company’s stock worth $300,000 after purchasing an additional 626 shares during the last quarter. Comprehensive Money Management Services LLC lifted its position in shares of Franklin FTSE Mexico ETF by 9.4% during the 1st quarter. Comprehensive Money Management Services LLC now owns 8,180 shares of the company’s stock worth $300,000 after purchasing an additional 700 shares during the last quarter. Kaizen Financial Strategies boosted its stake in Franklin FTSE Mexico ETF by 9.2% during the 1st quarter. Kaizen Financial Strategies now owns 9,163 shares of the company’s stock valued at $352,000 after purchasing an additional 769 shares during the period. Finally, HBW Advisory Services LLC boosted its stake in Franklin FTSE Mexico ETF by 11.6% during the 4th quarter. HBW Advisory Services LLC now owns 10,927 shares of the company’s stock valued at $370,000 after purchasing an additional 1,134 shares during the period.

Franklin FTSE Mexico ETF Stock Down 2.2%

FLMX stock traded down $0.82 during midday trading on Friday, hitting $36.67. 4,054 shares of the company traded hands, compared to its average volume of 24,781. Franklin FTSE Mexico ETF has a twelve month low of $28.81 and a twelve month high of $40.03. The stock has a market capitalization of $88.01 million, a price-to-earnings ratio of 12.95 and a beta of 0.77. The business has a 50 day simple moving average of $38.02 and a 200-day simple moving average of $37.09.

About Franklin FTSE Mexico ETF

The Franklin FTSE Mexico ETF (FLMX) is an exchange-traded fund that is based on the FTSE Mexico RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Mexican equities. FLMX was launched on Nov 3, 2017 and is managed by Franklin Templeton.