Short Interest in Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Decreases By 70.6%

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 3,907 shares, a decrease of 70.6% from the June 15th total of 13,283 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 10,038 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLMX. Sanctuary Advisors LLC bought a new stake in shares of Franklin FTSE Mexico ETF during the first quarter valued at approximately $211,000. Comprehensive Money Management Services LLC lifted its holdings in shares of Franklin FTSE Mexico ETF by 9.4% in 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 in the last quarter. Osaic Holdings Inc. raised its holdings in Franklin FTSE Mexico ETF by 7.6% during the fourth quarter. Osaic Holdings Inc. now owns 8,854 shares of the company’s stock worth $300,000 after buying an additional 626 shares during the last quarter. Kaizen Financial Strategies lifted its stake in shares of Franklin FTSE Mexico ETF by 9.2% in the first quarter. Kaizen Financial Strategies now owns 9,163 shares of the company’s stock valued at $352,000 after buying an additional 769 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its stake in shares of Franklin FTSE Mexico ETF by 11.6% in the fourth quarter. HBW Advisory Services LLC now owns 10,927 shares of the company’s stock valued at $370,000 after buying an additional 1,134 shares in the last quarter.

Franklin FTSE Mexico ETF Price Performance

Shares of FLMX traded up $0.60 during trading hours on Tuesday, hitting $36.72. The stock had a trading volume of 2,316 shares, compared to its average volume of 23,462. The firm has a 50 day simple moving average of $37.74 and a 200-day simple moving average of $37.31. The firm has a market capitalization of $84.46 million, a P/E ratio of 12.95 and a beta of 0.77. Franklin FTSE Mexico ETF has a 1-year low of $28.81 and a 1-year high of $40.03.

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.