Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Short Interest Update

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 20,400 shares, a decrease of 70.0% from the May 15th total of 68,100 shares. Based on an average trading volume of 42,200 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.2% of the company’s stock are short sold.

Franklin FTSE Mexico ETF Price Performance

Shares of FLMX traded down $0.22 during trading hours on Friday, hitting $30.11. The stock had a trading volume of 65,765 shares, compared to its average volume of 50,453. The firm has a 50 day simple moving average of $28.48 and a 200-day simple moving average of $26.00. Franklin FTSE Mexico ETF has a 1-year low of $22.86 and a 1-year high of $30.85. The firm has a market capitalization of $49.68 million, a P/E ratio of 11.18 and a beta of 0.87.

Institutional Investors Weigh In On Franklin FTSE Mexico ETF

Hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its holdings in shares of Franklin FTSE Mexico ETF by 170,300.0% in the 1st quarter. NBC Securities Inc. now owns 1,704 shares of the company’s stock worth $42,000 after purchasing an additional 1,703 shares in the last quarter. Redmond Asset Management LLC raised its holdings in Franklin FTSE Mexico ETF by 37.8% during the fourth quarter. Redmond Asset Management LLC now owns 10,913 shares of the company’s stock worth $251,000 after buying an additional 2,994 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Franklin FTSE Mexico ETF in the fourth quarter valued at $984,000. Private Trust Co. NA acquired a new position in shares of Franklin FTSE Mexico ETF during the fourth quarter valued at about $1,433,000. Finally, PCG Wealth Advisors LLC increased its position in shares of Franklin FTSE Mexico ETF by 9.8% during the first quarter. PCG Wealth Advisors LLC now owns 85,406 shares of the company’s stock worth $2,138,000 after acquiring an additional 7,613 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.