Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Sees Large Decrease in Short Interest

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 346 shares, a decrease of 83.7% from the July 30th total of 2,126 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 16,634 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in Franklin Municipal Green Bond ETF during the fourth quarter worth $3,091,000. Jane Street Group LLC bought a new stake in shares of Franklin Municipal Green Bond ETF during the 4th quarter worth about $2,838,000. OLD Mission Capital LLC acquired a new position in shares of Franklin Municipal Green Bond ETF during the 4th quarter valued at about $963,000. Goldman Sachs Group Inc. bought a new stake in Franklin Municipal Green Bond ETF during the fourth quarter worth approximately $940,000. Finally, PFG Investments LLC acquired a new position in Franklin Municipal Green Bond ETF during the first quarter valued at approximately $446,000.

Franklin Municipal Green Bond ETF Price Performance

Shares of NYSEARCA FLMB traded down $0.03 during mid-day trading on Thursday, reaching $23.34. The company had a trading volume of 4,199 shares, compared to its average volume of 14,913. The stock has a fifty day moving average of $23.66 and a two-hundred day moving average of $23.80. Franklin Municipal Green Bond ETF has a 12-month low of $22.78 and a 12-month high of $24.29.

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.