Short Interest in Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Declines By 28.5%

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 15,286 shares, a decline of 28.5% from the January 15th total of 21,393 shares. Based on an average daily volume of 44,982 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 44,982 shares, the short-interest ratio is presently 0.3 days.

Franklin Municipal Green Bond ETF Trading Up 0.1%

Shares of NYSEARCA:FLMB opened at $24.05 on Friday. The business’s fifty day moving average price is $23.84 and its two-hundred day moving average price is $23.62. Franklin Municipal Green Bond ETF has a one year low of $22.06 and a one year high of $24.10.

Franklin Municipal Green Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.0597 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Seeds Investor LLC lifted its stake in shares of Franklin Municipal Green Bond ETF by 89.0% during the second quarter. Seeds Investor LLC now owns 100,330 shares of the company’s stock valued at $2,317,000 after buying an additional 47,250 shares during the period. Thrivent Financial for Lutherans acquired a new position in Franklin Municipal Green Bond ETF in the 2nd quarter valued at $3,252,000. Per Stirling Capital Management LLC. acquired a new position in Franklin Municipal Green Bond ETF in the 2nd quarter valued at $349,000. Goldman Sachs Group Inc. purchased a new position in shares of Franklin Municipal Green Bond ETF during the 1st quarter worth $421,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Franklin Municipal Green Bond ETF during the second quarter worth $115,000.

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.