Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Down 23.7% in March

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 453,738 shares, a decline of 23.7% from the March 15th total of 594,305 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 726,434 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Franklin Dynamic Municipal Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter worth about $100,000. Jane Street Group LLC raised its stake in Franklin Dynamic Municipal Bond ETF by 37.2% during the first quarter. Jane Street Group LLC now owns 45,280 shares of the company’s stock worth $1,107,000 after acquiring an additional 12,284 shares during the period. Diversify Advisory Services LLC bought a new position in Franklin Dynamic Municipal Bond ETF in the second quarter worth about $1,982,000. Raymond James Financial Inc. lifted its holdings in Franklin Dynamic Municipal Bond ETF by 38.2% in the second quarter. Raymond James Financial Inc. now owns 826,544 shares of the company’s stock worth $20,052,000 after acquiring an additional 228,569 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Franklin Dynamic Municipal Bond ETF by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 1,060,685 shares of the company’s stock valued at $25,683,000 after acquiring an additional 309,775 shares during the period.

Franklin Dynamic Municipal Bond ETF Stock Performance

Shares of Franklin Dynamic Municipal Bond ETF stock traded up $0.06 during trading on Friday, reaching $25.01. The company had a trading volume of 716,789 shares, compared to its average volume of 772,688. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.65 and a fifty-two week high of $25.46. The firm’s fifty day moving average is $25.05 and its 200-day moving average is $24.96.

About Franklin Dynamic Municipal Bond ETF

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.