Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Up 743.0% in January

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 175,394 shares, a growth of 743.0% from the December 31st total of 20,806 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 1,065,226 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 1,065,226 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are short sold.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA FLMI remained flat at $25.08 during mid-day trading on Thursday. The company had a trading volume of 925,664 shares, compared to its average volume of 990,282. The stock has a 50-day moving average price of $24.92 and a 200 day moving average price of $24.65. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.05 and a 12-month high of $25.10.

Institutional Investors Weigh In On Franklin Dynamic Municipal Bond ETF

A number of large investors have recently added to or reduced their stakes in FLMI. Members Advisory Group LLC raised its position in Franklin Dynamic Municipal Bond ETF by 3.1% during the fourth quarter. Members Advisory Group LLC now owns 15,808 shares of the company’s stock worth $393,000 after acquiring an additional 473 shares during the last quarter. Econ Financial Services Corp increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 2.0% during the 3rd quarter. Econ Financial Services Corp now owns 27,154 shares of the company’s stock worth $673,000 after purchasing an additional 532 shares in the last quarter. Wayfinding Financial LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF by 0.7% during the 3rd quarter. Wayfinding Financial LLC now owns 80,898 shares of the company’s stock worth $2,003,000 after purchasing an additional 550 shares during the last quarter. Bowman & Co S.C. raised its position in shares of Franklin Dynamic Municipal Bond ETF by 1.0% during the 3rd quarter. Bowman & Co S.C. now owns 56,115 shares of the company’s stock worth $1,390,000 after purchasing an additional 569 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Franklin Dynamic Municipal Bond ETF by 1.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 35,467 shares of the company’s stock valued at $879,000 after buying an additional 575 shares during the last quarter.

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.