Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Sees Large Increase in Short Interest

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 104,539 shares, a growth of 53.1% from the December 15th total of 68,303 shares. Currently, 5.5% of the company’s stock are short sold. Based on an average daily trading volume, of 21,261 shares, the days-to-cover ratio is presently 4.9 days. Based on an average daily trading volume, of 21,261 shares, the days-to-cover ratio is presently 4.9 days. Currently, 5.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Franklin FTSE Latin America ETF

Hedge funds have recently added to or reduced their stakes in the stock. Old Port Advisors raised its holdings in Franklin FTSE Latin America ETF by 18.5% during the fourth quarter. Old Port Advisors now owns 127,230 shares of the company’s stock worth $3,065,000 after purchasing an additional 19,824 shares in the last quarter. Bank of America Corp DE grew its position in shares of Franklin FTSE Latin America ETF by 1.2% in the 3rd quarter. Bank of America Corp DE now owns 55,842 shares of the company’s stock valued at $1,309,000 after buying an additional 651 shares during the last quarter. Raymond James Financial Inc. raised its stake in Franklin FTSE Latin America ETF by 10.2% during the 3rd quarter. Raymond James Financial Inc. now owns 75,026 shares of the company’s stock worth $1,758,000 after acquiring an additional 6,930 shares in the last quarter. Independent Advisor Alliance lifted its position in Franklin FTSE Latin America ETF by 288.9% in the third quarter. Independent Advisor Alliance now owns 38,303 shares of the company’s stock valued at $898,000 after acquiring an additional 28,455 shares during the last quarter. Finally, Comprehensive Money Management Services LLC lifted its position in Franklin FTSE Latin America ETF by 25.4% in the third quarter. Comprehensive Money Management Services LLC now owns 14,210 shares of the company’s stock valued at $333,000 after acquiring an additional 2,880 shares during the last quarter.

Franklin FTSE Latin America ETF Stock Performance

NYSEARCA FLLA traded up $0.09 during trading on Friday, reaching $25.69. 38,309 shares of the company’s stock were exchanged, compared to its average volume of 45,355. The company has a 50 day moving average price of $24.68 and a two-hundred day moving average price of $23.07. The stock has a market cap of $48.81 million, a P/E ratio of 10.26 and a beta of 0.90. Franklin FTSE Latin America ETF has a 1 year low of $17.36 and a 1 year high of $25.85.

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.