Franklin Municipal Green Bond ETF (NYSEARCA:FLMB – Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,600 shares, an increase of 201.3% from the April 30th total of 531 shares. Based on an average trading volume of 6,184 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.
Franklin Municipal Green Bond ETF Stock Up 0.3%
FLMB traded up $0.06 during trading hours on Friday, reaching $23.94. The company’s stock had a trading volume of 16,374 shares, compared to its average volume of 17,588. Franklin Municipal Green Bond ETF has a 52 week low of $22.60 and a 52 week high of $24.29. The company’s 50-day moving average is $23.78 and its 200-day moving average is $23.85.
Institutional Investors Weigh In On Franklin Municipal Green Bond ETF
Large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in Franklin Municipal Green Bond ETF in the 4th quarter valued at $63,000. Flagship Harbor Advisors LLC bought a new stake in Franklin Municipal Green Bond ETF in the 4th quarter valued at $79,000. Western Wealth Management LLC bought a new stake in Franklin Municipal Green Bond ETF in the 1st quarter valued at $110,000. Raymond James Financial Inc. bought a new stake in Franklin Municipal Green Bond ETF in the 2nd quarter valued at $115,000. Finally, PNC Financial Services Group Inc. raised its stake in Franklin Municipal Green Bond ETF by 1,701.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,295 shares of the company’s stock valued at $125,000 after acquiring an additional 5,001 shares during the period.
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.
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