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

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 24,485 shares, an increase of 667.3% from the August 31st total of 3,191 shares. Based on an average daily volume of 33,226 shares, the short-interest ratio is presently 0.7 days. Currently, 0.8% of the company’s stock are short sold.

Institutional Trading of Franklin Municipal Green Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Commonwealth Financial Services LLC boosted its holdings in Franklin Municipal Green Bond ETF by 2.2% in the first quarter. Commonwealth Financial Services LLC now owns 21,675 shares of the company’s stock worth $512,000 after purchasing an additional 459 shares in the last quarter. PFG Investments LLC bought a new position in Franklin Municipal Green Bond ETF during the first quarter valued at about $446,000. PNC Financial Services Group Inc. lifted its position in shares of Franklin Municipal Green Bond ETF by 1,701.0% in 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 last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF in the first quarter worth about $110,000.

Franklin Municipal Green Bond ETF Stock Down 0.8%

Shares of FLMB traded down $0.17 during midday trading on Thursday, reaching $22.24. 34,817 shares of the stock were exchanged, compared to its average volume of 19,691. Franklin Municipal Green Bond ETF has a 12-month low of $22.15 and a 12-month high of $24.29. The firm has a 50 day simple moving average of $23.20 and a 200-day simple moving average of $23.61.

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.