Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) Sees Large Drop in Short Interest

Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 30,206 shares, a decrease of 45.0% from the July 30th total of 54,916 shares. Based on an average trading volume of 45,073 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Franklin Pennsylvania Municipal Income ETF Price Performance

Shares of NYSEARCA FTPA traded down $0.02 during midday trading on Monday, hitting $8.50. 69,480 shares of the company’s stock were exchanged, compared to its average volume of 54,647. The firm’s fifty day simple moving average is $8.63 and its 200-day simple moving average is $8.66. Franklin Pennsylvania Municipal Income ETF has a twelve month low of $8.49 and a twelve month high of $8.81.

Hedge Funds Weigh In On Franklin Pennsylvania Municipal Income ETF

An institutional investor recently bought a new position in Franklin Pennsylvania Municipal Income ETF stock. Boston Family Office LLC bought a new stake in Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,516 shares of the company’s stock, valued at approximately $565,000. Boston Family Office LLC owned approximately 0.19% of Franklin Pennsylvania Municipal Income ETF at the end of the most recent quarter. Institutional investors own 65.72% of the company’s stock.

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.