Short Interest in Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Drops By 69.9%

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 4,606 shares, a drop of 69.9% from the January 29th total of 15,286 shares. Based on an average daily volume of 9,641 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 9,641 shares, the short-interest ratio is currently 0.5 days.

Franklin Municipal Green Bond ETF Price Performance

Shares of FLMB stock traded up $0.05 during trading hours on Friday, reaching $24.29. 3,797 shares of the company’s stock were exchanged, compared to its average volume of 19,620. Franklin Municipal Green Bond ETF has a 1 year low of $22.06 and a 1 year high of $24.29. The stock’s fifty day moving average price is $23.92 and its two-hundred day moving average price is $23.71.

Franklin Municipal Green Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0597 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%.

Hedge Funds Weigh In On Franklin Municipal Green Bond ETF

Hedge funds have recently modified their holdings of the business. Seeds Investor LLC boosted its stake in shares of Franklin Municipal Green Bond ETF by 89.0% in the second quarter. Seeds Investor LLC now owns 100,330 shares of the company’s stock valued at $2,317,000 after buying an additional 47,250 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in Franklin Municipal Green Bond ETF in the 2nd quarter valued at $3,252,000. Per Stirling Capital Management LLC. acquired a new position in shares of Franklin Municipal Green Bond ETF during the 2nd quarter valued at about $349,000. Flow Traders U.S. LLC increased its holdings in shares of Franklin Municipal Green Bond ETF by 23.8% during the 2nd quarter. Flow Traders U.S. LLC now owns 19,112 shares of the company’s stock worth $441,000 after buying an additional 3,670 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Franklin Municipal Green Bond ETF in the first quarter valued at approximately $1,178,000.

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.