Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) Sees Significant Decline in Short Interest

Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 40,026 shares, a drop of 76.0% from the April 30th total of 166,582 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 79,741 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Franklin Pennsylvania Municipal Income ETF

An institutional investor recently bought a new position in Franklin Pennsylvania Municipal Income ETF stock. Boston Family Office LLC acquired a new stake in shares of Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 65,516 shares of the company’s stock, valued at approximately $565,000. Boston Family Office LLC owned approximately 0.19% of Franklin Pennsylvania Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission. 65.72% of the stock is owned by institutional investors.

Franklin Pennsylvania Municipal Income ETF Stock Up 0.2%

Shares of Franklin Pennsylvania Municipal Income ETF stock traded up $0.02 during trading on Friday, hitting $8.70. The company’s stock had a trading volume of 27,210 shares, compared to its average volume of 52,186. The company has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $8.67. Franklin Pennsylvania Municipal Income ETF has a 52 week low of $8.49 and a 52 week high of $8.81.

Franklin Pennsylvania Municipal Income ETF Company Profile

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.