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

Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 54,916 shares, a drop of 49.9% from the July 15th total of 109,532 shares. Based on an average trading volume of 47,795 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Franklin Pennsylvania Municipal Income ETF

A hedge fund recently bought a new stake in Franklin Pennsylvania Municipal Income ETF stock. Boston Family Office LLC acquired a new position in shares of Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) in the fourth quarter, according to its most recent filing with the Securities & 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 & Exchange Commission. 65.72% of the stock is currently owned by institutional investors and hedge funds.

Franklin Pennsylvania Municipal Income ETF Trading Down 0.2%

FTPA traded down $0.02 during trading on Tuesday, hitting $8.54. The company had a trading volume of 60,177 shares, compared to its average volume of 48,771. Franklin Pennsylvania Municipal Income ETF has a one year low of $8.49 and a one year high of $8.81. The firm’s 50-day moving average price is $8.67 and its 200 day moving average price is $8.67.

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.