Short Interest in Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Declines By 84.4%

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 531 shares, a drop of 84.4% from the April 15th total of 3,398 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 18,051 shares, the short-interest ratio is currently 0.0 days.

Franklin Municipal Green Bond ETF Trading Down 0.2%

Franklin Municipal Green Bond ETF stock traded down $0.04 during trading hours on Thursday, hitting $23.78. The stock had a trading volume of 1,606 shares, compared to its average volume of 17,426. The company has a 50-day moving average of $23.82 and a two-hundred day moving average of $23.86. Franklin Municipal Green Bond ETF has a fifty-two week low of $22.60 and a fifty-two week high of $24.29.

Hedge Funds Weigh In On Franklin Municipal Green Bond ETF

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in Franklin Municipal Green Bond ETF by 1,701.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,295 shares of the company’s stock valued at $125,000 after acquiring an additional 5,001 shares in the last quarter. Commonwealth Financial Services LLC boosted its stake in Franklin Municipal Green Bond ETF by 2.2% during the first quarter. Commonwealth Financial Services LLC now owns 21,675 shares of the company’s stock worth $512,000 after buying an additional 459 shares in the last quarter. PFG Investments LLC acquired a new stake in Franklin Municipal Green Bond ETF during the first quarter worth $446,000. OLD Mission Capital LLC acquired a new stake in Franklin Municipal Green Bond ETF during the fourth quarter worth $963,000. Finally, Cetera Investment Advisers boosted its stake in Franklin Municipal Green Bond ETF by 20.1% during the fourth quarter. Cetera Investment Advisers now owns 71,325 shares of the company’s stock worth $1,697,000 after buying an additional 11,933 shares in the last quarter.

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.