Short Interest in Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Rises By 822.3%

by · The Cerbat Gem

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,191 shares, a growth of 822.3% from the August 15th total of 346 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 8,311 shares, the days-to-cover ratio is presently 0.4 days.

Franklin Municipal Green Bond ETF Stock Performance

Shares of FLMB stock traded down $0.24 during mid-day trading on Thursday, hitting $22.62. 38,281 shares of the stock were exchanged, compared to its average volume of 15,370. Franklin Municipal Green Bond ETF has a 12-month low of $22.62 and a 12-month high of $24.29. The stock’s fifty day simple moving average is $23.45 and its two-hundred day simple moving average is $23.72.

Hedge Funds Weigh In On Franklin Municipal Green Bond ETF

A number of institutional investors have recently modified their holdings of FLMB. Kestra Advisory Services LLC acquired a new stake in Franklin Municipal Green Bond ETF during the 4th quarter worth $63,000. Western Wealth Management LLC purchased a new stake in shares of Franklin Municipal Green Bond ETF in the first quarter valued at about $110,000. Raymond James Financial Inc. acquired a new stake in shares of Franklin Municipal Green Bond ETF during the second quarter worth about $115,000. PNC Financial Services Group Inc. boosted its stake in shares of 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 worth $125,000 after buying an additional 5,001 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Franklin Municipal Green Bond ETF during the first quarter worth about $421,000.

About Franklin Municipal Green Bond ETF

(Get Free Report)

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.

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