Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Down 42.5% in February

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 129,087 shares, a decline of 42.5% from the January 29th total of 224,337 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 693,974 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 693,974 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Franklin Dynamic Municipal Bond ETF

Several hedge funds have recently made changes to their positions in FLMI. Arwa LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the 4th quarter valued at approximately $455,000. Axxcess Wealth Management LLC increased its position in Franklin Dynamic Municipal Bond ETF by 2.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 34,220 shares of the company’s stock worth $851,000 after buying an additional 891 shares during the period. Corient Private Wealth LLC bought a new stake in Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at $579,000. Coastal Bridge Advisors LLC boosted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 299.3% during the fourth quarter. Coastal Bridge Advisors LLC now owns 39,354 shares of the company’s stock valued at $979,000 after acquiring an additional 29,499 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Franklin Dynamic Municipal Bond ETF by 57.0% during the fourth quarter. NewEdge Advisors LLC now owns 226,378 shares of the company’s stock worth $5,630,000 after acquiring an additional 82,179 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Down 0.6%

Shares of NYSEARCA:FLMI traded down $0.14 on Monday, reaching $25.31. 563,338 shares of the company’s stock were exchanged, compared to its average volume of 805,118. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.05 and a fifty-two week high of $25.46. The business’s 50-day moving average is $25.10 and its two-hundred day moving average is $24.85.

Franklin Dynamic Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.0748 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%.

About Franklin Dynamic Municipal Bond ETF

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.