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

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 367 shares, a decrease of 77.1% from the May 14th total of 1,600 shares. Based on an average daily trading volume, of 20,535 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Franklin Municipal Green Bond ETF Trading Up 0.1%

NYSEARCA:FLMB opened at $23.92 on Wednesday. The company’s 50 day moving average price is $23.82 and its 200-day moving average price is $23.85. Franklin Municipal Green Bond ETF has a 52 week low of $22.60 and a 52 week high of $24.29.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Commonwealth Financial Services LLC raised its stake in shares of Franklin Municipal Green Bond ETF by 2.2% in the first quarter. Commonwealth Financial Services LLC now owns 21,675 shares of the company’s stock worth $512,000 after purchasing an additional 459 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Franklin Municipal Green Bond ETF in the fourth quarter worth $63,000. Flagship Harbor Advisors LLC purchased a new position in shares of Franklin Municipal Green Bond ETF in the fourth quarter worth $79,000. Flow Traders U.S. LLC raised its stake in shares of Franklin Municipal Green Bond ETF by 23.8% in the second quarter. Flow Traders U.S. LLC now owns 19,112 shares of the company’s stock worth $441,000 after purchasing an additional 3,670 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of Franklin Municipal Green Bond ETF in the first quarter worth $110,000.

About Franklin Municipal Green Bond ETF

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.