Short Interest in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Expands By 743.0%

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 175,394 shares, a growth of 743.0% from the December 31st total of 20,806 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,065,226 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,065,226 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

Franklin Dynamic Municipal Bond ETF Stock Performance

FLMI traded up $0.01 on Wednesday, reaching $25.08. 496,839 shares of the stock were exchanged, compared to its average volume of 993,874. The company’s 50-day moving average price is $24.92 and its 200 day moving average price is $24.65. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.05 and a fifty-two week high of $25.09.

Institutional Investors Weigh In On Franklin Dynamic Municipal Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its position in Franklin Dynamic Municipal Bond ETF by 93.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock worth $50,767,000 after purchasing an additional 987,594 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 227.7% during the second quarter. Cetera Investment Advisers now owns 679,327 shares of the company’s stock worth $16,480,000 after buying an additional 472,025 shares in the last quarter. Truist Financial Corp grew its stake in Franklin Dynamic Municipal Bond ETF by 638.9% during the 3rd quarter. Truist Financial Corp now owns 458,768 shares of the company’s stock valued at $11,364,000 after acquiring an additional 396,684 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in shares of Franklin Dynamic Municipal Bond ETF by 1,039.6% in the second quarter. Orion Porfolio Solutions LLC now owns 413,451 shares of the company’s stock valued at $10,030,000 after purchasing an additional 377,170 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Franklin Dynamic Municipal Bond ETF by 33.9% in the 3rd quarter. Raymond James Financial Inc. now owns 1,107,080 shares of the company’s stock valued at $27,422,000 after buying an additional 280,536 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Company Profile

The Franklin Dynamic Municipal Bond ETF (FLMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. FLMI was launched on Aug 31, 2017 and is managed by Franklin Templeton.