Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) Short Interest Down 49.9% in July

Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 54,916 shares, a decrease of 49.9% from the July 15th total of 109,532 shares. Based on an average daily volume of 47,795 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Franklin Pennsylvania Municipal Income ETF stock. Boston Family Office LLC purchased a new position in shares of Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 65,516 shares of the company’s stock, valued at approximately $565,000. Boston Family Office LLC owned about 0.19% of Franklin Pennsylvania Municipal Income ETF at the end of the most recent reporting period. Hedge funds and other institutional investors own 65.72% of the company’s stock.

Franklin Pennsylvania Municipal Income ETF Price Performance

Shares of NYSEARCA:FTPA traded down $0.02 during trading on Friday, hitting $8.59. The company’s stock had a trading volume of 105,320 shares, compared to its average volume of 48,427. The company has a 50-day moving average of $8.67 and a 200-day moving average of $8.67. Franklin Pennsylvania Municipal Income ETF has a 12 month low of $8.49 and a 12 month high of $8.81.

Franklin Pennsylvania Municipal Income ETF Company Profile

FTAC Parnassus Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify technology and financial services technology companies. The company was formerly known as FTAC General Acquisition Corp. FTAC Parnassus Acquisition Corp. was incorporated in 2020 and is based in Philadelphia, Pennsylvania.