Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Update

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 264,200 shares, a growth of 644.2% from the September 30th total of 35,500 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 353,200 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 353,200 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the company’s shares are short sold.

Franklin Dynamic Municipal Bond ETF Stock Down 0.2%

FLMI opened at $24.98 on Thursday. The business has a 50 day simple moving average of $24.64 and a two-hundred day simple moving average of $24.29. Franklin Dynamic Municipal Bond ETF has a one year low of $23.05 and a one year high of $25.38.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Integrity Wealth Advisors Inc. raised its position in shares of Franklin Dynamic Municipal Bond ETF by 2.7% in the 1st quarter. Integrity Wealth Advisors Inc. now owns 19,026 shares of the company’s stock worth $465,000 after acquiring an additional 496 shares in the last quarter. Econ Financial Services Corp raised its position in shares of Franklin Dynamic Municipal Bond ETF by 2.0% in the 3rd quarter. Econ Financial Services Corp now owns 27,154 shares of the company’s stock worth $673,000 after acquiring an additional 532 shares in the last quarter. Bowman & Co S.C. raised its position in shares of Franklin Dynamic Municipal Bond ETF by 1.0% in the 3rd quarter. Bowman & Co S.C. now owns 56,115 shares of the company’s stock worth $1,390,000 after acquiring an additional 569 shares in the last quarter. Cedar Point Capital Partners LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF by 1.8% in the 1st quarter. Cedar Point Capital Partners LLC now owns 39,056 shares of the company’s stock worth $955,000 after acquiring an additional 693 shares in the last quarter. Finally, Acorn Wealth Advisors LLC raised its position in shares of Franklin Dynamic Municipal Bond ETF by 7.4% in the 1st quarter. Acorn Wealth Advisors LLC now owns 10,563 shares of the company’s stock worth $258,000 after acquiring an additional 730 shares in the last quarter.

Franklin Dynamic Municipal Bond ETF Company Profile

The Franklin Dynamic Municipal Bond ETF (FLMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. FLMI was launched on Aug 31, 2017 and is managed by Franklin Templeton.