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

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 19,211 shares, a growth of 79.5% from the February 26th total of 10,704 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 33,125 shares, the short-interest ratio is currently 0.6 days.

Franklin Municipal Green Bond ETF Stock Performance

FLMB opened at $23.51 on Friday. The stock’s fifty day moving average is $23.92 and its two-hundred day moving average is $23.83. Franklin Municipal Green Bond ETF has a 52 week low of $22.06 and a 52 week high of $24.29.

Hedge Funds Weigh In On Franklin Municipal Green Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLMB. Kestra Advisory Services LLC bought a new stake in shares of Franklin Municipal Green Bond ETF in the fourth quarter valued at about $63,000. Flagship Harbor Advisors LLC bought a new position in Franklin Municipal Green Bond ETF during the 4th quarter worth about $79,000. Raymond James Financial Inc. bought a new position in Franklin Municipal Green Bond ETF during the 2nd quarter worth about $115,000. Allworth Financial LP purchased a new position in Franklin Municipal Green Bond ETF during the 3rd quarter valued at about $163,000. Finally, Values Added Financial LLC purchased a new position in Franklin Municipal Green Bond ETF during the 3rd quarter valued at about $201,000.

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.