Short Interest in Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Declines By 56.1%

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,126 shares, a decrease of 56.1% from the July 15th total of 4,848 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 8,885 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Franklin Municipal Green Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans acquired a new position in Franklin Municipal Green Bond ETF in the 4th quarter valued at about $3,091,000. Seeds Investor LLC lifted its position in Franklin Municipal Green Bond ETF by 10.1% during the 4th quarter. Seeds Investor LLC now owns 127,812 shares of the company’s stock worth $3,041,000 after acquiring an additional 11,766 shares during the period. Jane Street Group LLC acquired a new stake in Franklin Municipal Green Bond ETF during the 4th quarter worth approximately $2,838,000. Cetera Investment Advisers lifted its position in Franklin Municipal Green Bond ETF by 20.1% during the 4th quarter. Cetera Investment Advisers now owns 71,325 shares of the company’s stock worth $1,697,000 after acquiring an additional 11,933 shares during the period. Finally, OLD Mission Capital LLC purchased a new position in shares of Franklin Municipal Green Bond ETF in the 4th quarter valued at approximately $963,000.

Franklin Municipal Green Bond ETF Trading Down 0.2%

Franklin Municipal Green Bond ETF stock traded down $0.04 during midday trading on Friday, hitting $23.53. 1,496 shares of the company’s stock were exchanged, compared to its average volume of 15,488. Franklin Municipal Green Bond ETF has a 12-month low of $22.78 and a 12-month high of $24.29. The firm’s 50 day simple moving average is $23.74 and its 200 day simple moving average is $23.83.

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.