Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Short Interest Update

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,738 shares, a decline of 46.9% from the June 15th total of 10,804 shares. Based on an average daily volume of 7,246 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Franklin Municipal Green Bond ETF

Several large investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in Franklin Municipal Green Bond ETF during the 4th quarter worth approximately $63,000. Flagship Harbor Advisors LLC bought a new stake in shares of Franklin Municipal Green Bond ETF during the 4th quarter valued at about $79,000. Western Wealth Management LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF during the 1st quarter worth approximately $110,000. Raymond James Financial Inc. bought a new stake in Franklin Municipal Green Bond ETF in the second quarter valued at $115,000. Finally, PNC Financial Services Group Inc. boosted its stake in Franklin Municipal Green Bond ETF by 1,701.0% during 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 Stock Performance

Shares of FLMB stock traded up $0.01 during mid-day trading on Wednesday, reaching $23.84. The company’s stock had a trading volume of 1,825 shares, compared to its average volume of 15,998. The company’s 50 day simple moving average is $23.87 and its 200-day simple moving average is $23.88. Franklin Municipal Green Bond ETF has a 12-month low of $22.60 and a 12-month high of $24.29.

Franklin Municipal Green Bond ETF Company Profile

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.