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

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a significant decrease in short interest during 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. Based on an average daily volume of 8,885 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Franklin Municipal Green Bond ETF

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of Franklin Municipal Green Bond ETF in the fourth quarter valued at about $63,000. Western Wealth Management LLC purchased a new position in Franklin Municipal Green Bond ETF during the first quarter worth about $110,000. Raymond James Financial Inc. acquired a new stake in Franklin Municipal Green Bond ETF in the second quarter valued at about $115,000. PNC Financial Services Group Inc. boosted its holdings 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 purchasing an additional 5,001 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Franklin Municipal Green Bond ETF in the 1st quarter valued at approximately $421,000.

Franklin Municipal Green Bond ETF Price Performance

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

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.