Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Sees Significant Increase in Short Interest

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 24,485 shares, a growth of 667.3% from the August 31st total of 3,191 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 33,226 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Financial Services LLC raised its holdings in Franklin Municipal Green Bond ETF by 2.2% in the 1st quarter. Commonwealth Financial Services LLC now owns 21,675 shares of the company’s stock worth $512,000 after acquiring an additional 459 shares during the period. PFG Investments LLC bought a new stake in Franklin Municipal Green Bond ETF during the first quarter valued at about $446,000. PNC Financial Services Group Inc. boosted its holdings in Franklin Municipal Green Bond ETF by 1,701.0% during the first 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 during the period. Finally, Western Wealth Management LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF in the first quarter valued at about $110,000.

Franklin Municipal Green Bond ETF Trading Down 0.8%

FLMB stock traded down $0.17 during midday trading on Thursday, hitting $22.24. 34,817 shares of the company traded hands, compared to its average volume of 19,691. Franklin Municipal Green Bond ETF has a twelve month low of $22.15 and a twelve month high of $24.29. The business has a 50 day simple moving average of $23.20 and a 200-day simple moving average of $23.61.

Franklin Municipal Green Bond ETF Company Profile

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.