Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 109,335 shares, a drop of 42.8% from the July 15th total of 191,059 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 632,164 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth about $25,000. Rockefeller Capital Management L.P. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at approximately $42,000. BOKF NA acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $44,000. Greenline Wealth Management LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the fourth quarter valued at approximately $52,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Franklin Dynamic Municipal Bond ETF during the third quarter worth approximately $62,000.
Franklin Dynamic Municipal Bond ETF Stock Performance
Shares of NYSEARCA FLMI traded down $0.06 during trading on Tuesday, reaching $24.59. The company had a trading volume of 595,980 shares, compared to its average volume of 742,185. Franklin Dynamic Municipal Bond ETF has a twelve month low of $24.05 and a twelve month high of $25.46. The stock has a 50-day moving average price of $24.90 and a two-hundred day moving average price of $24.97.
Franklin Dynamic Municipal Bond ETF Company Profile
The Franklin Dynamic Municipal Bond ETF (FLMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. FLMI was launched on Aug 31, 2017 and is managed by Franklin Templeton.
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