Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 25,840 shares, a drop of 81.8% from the April 30th total of 142,019 shares. Based on an average daily trading volume, of 310,760 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Investors Weigh In On Franklin FTSE Brazil ETF
Several large investors have recently added to or reduced their stakes in FLBR. Morningstar Investment Management LLC acquired a new stake in Franklin FTSE Brazil ETF in the third quarter worth $5,054,000. Citadel Advisors LLC acquired a new stake in Franklin FTSE Brazil ETF in the third quarter worth $3,620,000. Empowered Funds LLC acquired a new stake in Franklin FTSE Brazil ETF in the first quarter worth $3,092,000. Jane Street Group LLC acquired a new stake in Franklin FTSE Brazil ETF in the second quarter worth $2,416,000. Finally, Royal Bank of Canada increased its position in Franklin FTSE Brazil ETF by 884.5% in the fourth quarter. Royal Bank of Canada now owns 129,549 shares of the company’s stock worth $2,468,000 after buying an additional 116,390 shares during the period.
Franklin FTSE Brazil ETF Price Performance
Shares of NYSEARCA FLBR opened at $22.66 on Thursday. Franklin FTSE Brazil ETF has a 1-year low of $16.45 and a 1-year high of $26.25. The business’s fifty day moving average price is $24.03 and its two-hundred day moving average price is $22.23. The firm has a market capitalization of $566.50 million, a PE ratio of 9.04 and a beta of 0.66.
About Franklin FTSE Brazil ETF
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.
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