Short Interest in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Grows By 78.7%

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 275,366 shares, a growth of 78.7% from the August 15th total of 154,057 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 668,531 shares, the short-interest ratio is currently 0.4 days.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA:FLMI traded up $0.07 during trading hours on Thursday, hitting $23.92. 1,618,200 shares of the stock were exchanged, compared to its average volume of 776,964. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.83 and a 52-week high of $25.46. The firm’s fifty day moving average price is $24.55 and its 200 day moving average price is $24.82.

Institutional Investors Weigh In On Franklin Dynamic Municipal Bond ETF

A number of large investors have recently made changes to their positions in FLMI. Global Retirement Partners LLC boosted its stake in Franklin Dynamic Municipal Bond ETF by 0.8% during the fourth quarter. Global Retirement Partners LLC now owns 55,692 shares of the company’s stock worth $1,385,000 after buying an additional 427 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 2.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 34,220 shares of the company’s stock worth $851,000 after acquiring an additional 891 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 8.1% in the 2nd quarter. Baird Financial Group Inc. now owns 11,895 shares of the company’s stock worth $299,000 after acquiring an additional 895 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 6.2% during the 1st quarter. International Assets Investment Management LLC now owns 15,400 shares of the company’s stock worth $381,000 after acquiring an additional 900 shares during the period. Finally, Leeward Financial Partners LLC raised its holdings in shares of Franklin Dynamic Municipal Bond ETF by 1.0% during the 1st quarter. Leeward Financial Partners LLC now owns 92,752 shares of the company’s stock worth $2,299,000 after acquiring an additional 918 shares during the period.

About Franklin Dynamic Municipal Bond ETF

The Franklin Dynamic Municipal Bond ETF (FLMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. FLMI was launched on Aug 31, 2017 and is managed by Franklin Templeton.