Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Short Interest Up 96.5% in July

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,677 shares, an increase of 96.5% from the June 30th total of 3,907 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 7,931 shares, the days-to-cover ratio is currently 1.0 days.

Franklin FTSE Mexico ETF Trading Down 1.5%

FLMX stock opened at $36.79 on Thursday. The firm has a 50 day simple moving average of $37.33 and a 200-day simple moving average of $37.53. The company has a market capitalization of $84.62 million, a P/E ratio of 12.95 and a beta of 0.77. Franklin FTSE Mexico ETF has a twelve month low of $28.85 and a twelve month high of $40.03.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its position in shares of Franklin FTSE Mexico ETF by 1.7% in the 1st quarter. Hsbc Holdings PLC now owns 556,830 shares of the company’s stock worth $20,445,000 after purchasing an additional 9,280 shares during the last quarter. PCG Wealth Advisors LLC lifted its position in shares of Franklin FTSE Mexico ETF by 17.5% during the fourth quarter. PCG Wealth Advisors LLC now owns 101,275 shares of the company’s stock worth $3,428,000 after purchasing an additional 15,053 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Franklin FTSE Mexico ETF by 313.1% during the first quarter. Royal Bank of Canada now owns 93,292 shares of the company’s stock worth $3,426,000 after purchasing an additional 70,706 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Franklin FTSE Mexico ETF by 106.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 42,159 shares of the company’s stock worth $1,427,000 after purchasing an additional 21,735 shares in the last quarter. Finally, HBW Advisory Services LLC grew its stake in Franklin FTSE Mexico ETF by 41.8% in the first quarter. HBW Advisory Services LLC now owns 15,492 shares of the company’s stock worth $569,000 after purchasing an additional 4,565 shares in the last quarter.

Franklin FTSE Mexico ETF Company Profile

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.