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

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 10,804 shares, a growth of 2,843.9% from the May 31st total of 367 shares. Based on an average daily volume of 16,541 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FLMB. Kestra Advisory Services LLC bought a new stake in shares of Franklin Municipal Green Bond ETF during the 4th quarter valued at about $63,000. Flagship Harbor Advisors LLC bought a new position in Franklin Municipal Green Bond ETF in the fourth quarter worth about $79,000. Western Wealth Management LLC acquired a new position in Franklin Municipal Green Bond ETF in the first quarter valued at approximately $110,000. Raymond James Financial Inc. acquired a new position in Franklin Municipal Green Bond ETF in the second quarter valued at approximately $115,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Franklin Municipal Green Bond ETF by 1,701.0% during 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 last quarter.

Franklin Municipal Green Bond ETF Stock Down 0.0%

Franklin Municipal Green Bond ETF stock opened at $23.99 on Friday. Franklin Municipal Green Bond ETF has a 12 month low of $22.60 and a 12 month high of $24.29. The company has a fifty day moving average price of $23.87 and a two-hundred day moving average price of $23.86.

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.