Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Short Interest Up 201.3% in May

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,600 shares, an increase of 201.3% from the April 30th total of 531 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,184 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Franklin Municipal Green Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans acquired a new position in shares of Franklin Municipal Green Bond ETF in the fourth quarter valued at $3,091,000. Goldman Sachs Group Inc. bought a new stake in Franklin Municipal Green Bond ETF in the 1st quarter valued at $421,000. Raymond James Financial Inc. bought a new stake in Franklin Municipal Green Bond ETF in the 2nd quarter valued at $115,000. Kestra Advisory Services LLC bought a new stake in Franklin Municipal Green Bond ETF in the 4th quarter valued at $63,000. Finally, PNC Financial Services Group Inc. boosted its stake in Franklin Municipal Green Bond ETF by 1,701.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,295 shares of the company’s stock valued at $125,000 after purchasing an additional 5,001 shares during the period.

Franklin Municipal Green Bond ETF Price Performance

Shares of NYSEARCA:FLMB traded up $0.06 on Friday, hitting $23.94. The company had a trading volume of 16,374 shares, compared to its average volume of 17,588. Franklin Municipal Green Bond ETF has a 1-year low of $22.60 and a 1-year high of $24.29. The stock has a 50 day moving average price of $23.78 and a 200 day moving average price of $23.85.

About Franklin Municipal Green Bond ETF

The Franklin Municipal Green Bond ETF (FLMB) is an exchange-traded fund that is based on the Bloomberg Municipal Managed Money index. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with a broad range in maturities, that intend to finance projects promoting environmental sustainability. FLMB was launched on Aug 31, 2017 and is managed by Franklin Templeton.