Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) Short Interest Down 45.0% in August

Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 30,206 shares, a decrease of 45.0% from the July 30th total of 54,916 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 45,073 shares, the short-interest ratio is presently 0.7 days.

Franklin Pennsylvania Municipal Income ETF Stock Performance

Franklin Pennsylvania Municipal Income ETF stock traded down $0.06 during mid-day trading on Tuesday, reaching $8.44. The company had a trading volume of 36,416 shares, compared to its average volume of 54,537. The business has a fifty day simple moving average of $8.63 and a 200 day simple moving average of $8.66. Franklin Pennsylvania Municipal Income ETF has a fifty-two week low of $8.43 and a fifty-two week high of $8.81.

Institutional Investors Weigh In On Franklin Pennsylvania Municipal Income ETF

An institutional investor recently bought a new stake in Franklin Pennsylvania Municipal Income ETF stock. Continuum Advisory LLC acquired a new position in shares of Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,867 shares of the company’s stock, valued at approximately $51,000. Continuum Advisory LLC owned about 0.06% of Franklin Pennsylvania Municipal Income ETF as of its most recent SEC filing. Institutional investors and hedge funds own 65.72% of the company’s stock.

About Franklin Pennsylvania Municipal Income ETF

FTAC Parnassus Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify technology and financial services technology companies. The company was formerly known as FTAC General Acquisition Corp. FTAC Parnassus Acquisition Corp. was incorporated in 2020 and is based in Philadelphia, Pennsylvania.