Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Sees Significant Decrease in Short Interest

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 8,853 shares, a decrease of 77.5% from the April 15th total of 39,334 shares. Based on an average daily trading volume, of 61,241 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Franklin FTSE Latin America ETF Stock Performance

Shares of FLLA stock traded down $0.70 during mid-day trading on Friday, reaching $27.62. The company’s stock had a trading volume of 23,151 shares, compared to its average volume of 59,242. Franklin FTSE Latin America ETF has a 1-year low of $20.46 and a 1-year high of $30.98. The company has a market cap of $107.72 million, a P/E ratio of 10.26 and a beta of 0.71. The firm’s 50-day moving average is $28.50 and its two-hundred day moving average is $26.77.

Institutional Investors Weigh In On Franklin FTSE Latin America ETF

A number of hedge funds have recently made changes to their positions in the company. Procyon Advisors LLC acquired a new stake in shares of Franklin FTSE Latin America ETF during the 1st quarter worth about $368,000. Comprehensive Money Management Services LLC increased its position in shares of Franklin FTSE Latin America ETF by 21.0% during the 1st quarter. Comprehensive Money Management Services LLC now owns 17,329 shares of the company’s stock worth $490,000 after purchasing an additional 3,006 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Franklin FTSE Latin America ETF during the 1st quarter worth about $1,293,000. Baker Ellis Asset Management LLC grew its holdings in Franklin FTSE Latin America ETF by 139.4% during the 1st quarter. Baker Ellis Asset Management LLC now owns 28,725 shares of the company’s stock worth $812,000 after acquiring an additional 16,725 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Franklin FTSE Latin America ETF during the 4th quarter worth about $752,000.

About Franklin FTSE Latin America ETF

The Franklin FTSE Latin America ETF (FLLA) is an exchange-traded fund that is based on the FTSE Latin America RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Latin American equities. FLLA was launched on Oct 9, 2018 and is managed by Franklin Templeton.