Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 54,916 shares, a decrease of 49.9% from the July 15th total of 109,532 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 47,795 shares, the days-to-cover ratio is currently 1.1 days.
Franklin Pennsylvania Municipal Income ETF Stock Performance
Shares of NYSEARCA FTPA traded down $0.03 during trading hours on Monday, reaching $8.56. 90,707 shares of the stock traded hands, compared to its average volume of 48,698. Franklin Pennsylvania Municipal Income ETF has a 52-week low of $8.49 and a 52-week high of $8.81. The company’s 50-day simple moving average is $8.67 and its two-hundred day simple moving average is $8.67.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Franklin Pennsylvania Municipal Income ETF stock. Boston Family Office LLC purchased a new position in shares of Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 65,516 shares of the company’s stock, valued at approximately $565,000. Boston Family Office LLC owned about 0.19% of Franklin Pennsylvania Municipal Income ETF at the end of the most recent reporting period. 65.72% of the stock is currently owned by institutional investors.
Franklin Pennsylvania Municipal Income ETF Company Profile
FTAC Parnassus Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify technology and financial services technology companies. The company was formerly known as FTAC General Acquisition Corp. FTAC Parnassus Acquisition Corp. was incorporated in 2020 and is based in Philadelphia, Pennsylvania.
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