Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Sees Significant Drop in Short Interest

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 2,126 shares, a decrease of 56.1% from the July 15th total of 4,848 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 8,885 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in shares of Franklin Municipal Green Bond ETF in the 4th quarter worth approximately $63,000. Western Wealth Management LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF during the 1st quarter valued at approximately $110,000. Raymond James Financial Inc. acquired a new stake in shares of Franklin Municipal Green Bond ETF during the 2nd quarter valued at approximately $115,000. PNC Financial Services Group Inc. raised its position in shares of Franklin Municipal Green Bond ETF by 1,701.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,295 shares of the company’s stock valued at $125,000 after acquiring an additional 5,001 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Franklin Municipal Green Bond ETF during the first quarter worth $421,000.

Franklin Municipal Green Bond ETF Stock Performance

Shares of FLMB stock traded down $0.04 during trading hours on Friday, hitting $23.53. 1,496 shares of the company were exchanged, compared to its average volume of 15,488. Franklin Municipal Green Bond ETF has a one year low of $22.78 and a one year high of $24.29. The business’s 50-day simple moving average is $23.74 and its two-hundred day simple moving average is $23.83.

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.