Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Short Interest Update

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 367 shares, a drop of 77.1% from the May 14th total of 1,600 shares. Based on an average trading volume of 20,535 shares, the days-to-cover 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 $0.03 during trading on Friday, hitting $23.89. The company had a trading volume of 16,939 shares, compared to its average volume of 17,507. The business’s 50-day moving average is $23.84 and its 200 day moving average is $23.85. Franklin Municipal Green Bond ETF has a 52 week low of $22.60 and a 52 week high of $24.29.

Institutional Trading of Franklin Municipal Green Bond ETF

Hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new stake in shares of Franklin Municipal Green Bond ETF in the 4th quarter valued at about $63,000. Flagship Harbor Advisors LLC bought a new position in Franklin Municipal Green Bond ETF in the 4th quarter valued at approximately $79,000. Western Wealth Management LLC bought a new position in Franklin Municipal Green Bond ETF in the 1st quarter valued at approximately $110,000. Raymond James Financial Inc. bought a new position in shares of Franklin Municipal Green Bond ETF during the second quarter valued at $115,000. Finally, PNC Financial Services Group Inc. raised its stake in 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 last quarter.

Franklin Municipal Green Bond ETF Company Profile

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.