Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) Sees Significant Growth in Short Interest

Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 166,582 shares, a growth of 142.9% from the April 15th total of 68,577 shares. Based on an average daily volume of 70,514 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.7% of the shares of the stock are sold short.

Franklin Pennsylvania Municipal Income ETF Trading Down 0.8%

FTPA stock traded down $0.07 during midday trading on Friday, hitting $8.58. The company’s stock had a trading volume of 9,144 shares, compared to its average volume of 53,878. Franklin Pennsylvania Municipal Income ETF has a 12 month low of $8.49 and a 12 month high of $8.81. The company has a 50 day moving average of $8.65 and a two-hundred day moving average of $8.77.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Franklin Pennsylvania Municipal Income ETF stock. Boston Family Office LLC purchased a new position in Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,516 shares of the company’s stock, valued at approximately $565,000. Boston Family Office LLC owned 0.19% of Franklin Pennsylvania Municipal Income ETF at the end of the most recent reporting period. Institutional investors own 65.72% of the company’s stock.

About Franklin Pennsylvania Municipal Income ETF

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.