Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Update

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 185,544 shares, an increase of 43.7% from the February 12th total of 129,087 shares. Based on an average daily trading volume, of 534,620 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 534,620 shares, the short-interest ratio is presently 0.3 days.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA:FLMI traded up $0.05 during trading on Friday, hitting $25.00. 816,739 shares of the stock were exchanged, compared to its average volume of 806,493. The company has a fifty day moving average price of $25.14 and a two-hundred day moving average price of $24.91. Franklin Dynamic Municipal Bond ETF has a 12-month low of $23.05 and a 12-month high of $25.46.

Franklin Dynamic Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.0748 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.6%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP acquired a new stake in Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at about $25,000. BOKF NA acquired a new position in Franklin Dynamic Municipal Bond ETF during the third quarter worth about $44,000. Greenline Wealth Management LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at about $52,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $62,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the third quarter valued at approximately $63,000.

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.