Short Interest in Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Rises By 822.3%

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,191 shares, an increase of 822.3% from the August 15th total of 346 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 8,311 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Franklin Municipal Green Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of Franklin Municipal Green Bond ETF during the fourth quarter worth about $63,000. Western Wealth Management LLC purchased a new position in Franklin Municipal Green Bond ETF during the first quarter worth about $110,000. Raymond James Financial Inc. purchased a new position in Franklin Municipal Green Bond ETF during the second quarter worth about $115,000. PNC Financial Services Group Inc. lifted its position in Franklin Municipal Green Bond ETF by 1,701.0% in the first 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. Finally, Goldman Sachs Group Inc. acquired a new stake in Franklin Municipal Green Bond ETF in the first quarter valued at about $421,000.

Franklin Municipal Green Bond ETF Price Performance

Shares of Franklin Municipal Green Bond ETF stock traded down $0.24 during trading hours on Thursday, hitting $22.62. 38,281 shares of the company were exchanged, compared to its average volume of 15,370. The business has a 50-day moving average of $23.45 and a 200-day moving average of $23.72. Franklin Municipal Green Bond ETF has a 1 year low of $22.62 and a 1 year 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.