Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Shorted: Short Interest Up 360.7% in October

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 890,990 shares, an increase of 360.7% from the October 15th total of 193,392 shares. Based on an average daily volume of 516,130 shares, the short-interest ratio is currently 1.7 days. Currently, 3.2% of the shares of the company are short sold.

Franklin FTSE Brazil ETF Stock Up 0.6%

FLBR traded up $0.12 during mid-day trading on Friday, reaching $19.97. 171,861 shares of the company traded hands, compared to its average volume of 252,779. The stock has a market capitalization of $555.17 million, a P/E ratio of 9.07 and a beta of 0.66. The company’s fifty day moving average price is $23.56 and its 200-day moving average price is $23.05. Franklin FTSE Brazil ETF has a 52-week low of $18.80 and a 52-week high of $27.42.

Institutional Trading of Franklin FTSE Brazil ETF

Several large investors have recently modified their holdings of the company. Parallel Advisors LLC grew its stake in shares of Franklin FTSE Brazil ETF by 11.0% during the 1st quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock valued at $119,000 after purchasing an additional 494 shares during the period. ES4 LLC increased its position in shares of Franklin FTSE Brazil ETF by 1.2% during the 3rd quarter. ES4 LLC now owns 42,107 shares of the company’s stock valued at $985,000 after purchasing an additional 507 shares during the last quarter. Whitcomb & Hess Inc. increased its position in shares of Franklin FTSE Brazil ETF by 1.4% during the 3rd quarter. Whitcomb & Hess Inc. now owns 84,023 shares of the company’s stock valued at $1,966,000 after purchasing an additional 1,177 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Franklin FTSE Brazil ETF in the 3rd quarter worth approximately $40,000. Finally, Armstrong Advisory Group Inc. lifted its stake in shares of Franklin FTSE Brazil ETF by 31.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 9,374 shares of the company’s stock worth $219,000 after purchasing an additional 2,250 shares during the period.

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.