Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Short Interest Down 83.7% in August

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

Franklin Municipal Green Bond ETF Price Performance

Shares of NYSEARCA FLMB traded down $0.02 during mid-day trading on Wednesday, hitting $23.39. The stock had a trading volume of 4,594 shares, compared to its average volume of 14,978. The company has a 50 day moving average of $23.67 and a two-hundred day moving average of $23.80. Franklin Municipal Green Bond ETF has a twelve month low of $22.78 and a twelve month high of $24.29.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FLMB. Kestra Advisory Services LLC purchased a new stake in shares of Franklin Municipal Green Bond ETF during the fourth quarter worth $63,000. Western Wealth Management LLC purchased a new stake in Franklin Municipal Green Bond ETF in the first quarter valued at approximately $110,000. Raymond James Financial Inc. purchased a new stake in Franklin Municipal Green Bond ETF in the 2nd quarter valued at $115,000. PNC Financial Services Group Inc. boosted its stake 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 worth $125,000 after buying an additional 5,001 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Franklin Municipal Green Bond ETF in the 1st quarter valued at approximately $421,000.

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.