Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Up 27.9% in January

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 224,337 shares, an increase of 27.9% from the January 15th total of 175,394 shares. Based on an average daily trading volume, of 923,969 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 923,969 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Franklin Dynamic Municipal Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tenzing Financial LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at approximately $424,000. MML Investors Services LLC raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 39.7% during the fourth quarter. MML Investors Services LLC now owns 58,057 shares of the company’s stock worth $1,444,000 after purchasing an additional 16,497 shares during the last quarter. Mariner LLC lifted its position in Franklin Dynamic Municipal Bond ETF by 1.9% during the fourth quarter. Mariner LLC now owns 210,075 shares of the company’s stock valued at $5,225,000 after purchasing an additional 3,928 shares during the period. Kestra Advisory Services LLC boosted its holdings in Franklin Dynamic Municipal Bond ETF by 22.3% in the fourth quarter. Kestra Advisory Services LLC now owns 94,587 shares of the company’s stock valued at $2,352,000 after purchasing an additional 17,249 shares during the last quarter. Finally, Visionary Wealth Advisors purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at about $378,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.0%

Shares of NYSEARCA FLMI traded up $0.01 during midday trading on Monday, reaching $25.28. The company had a trading volume of 693,960 shares, compared to its average volume of 894,345. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.05 and a 1 year high of $25.32. The business’s 50-day simple moving average is $24.98 and its 200 day simple moving average is $24.75.

Franklin Dynamic Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.0762 dividend. The ex-dividend date was Monday, February 2nd. This is a positive change from Franklin Dynamic Municipal Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.6%.

About Franklin Dynamic Municipal Bond ETF

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.