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

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 275,366 shares, a growth of 78.7% from the August 15th total of 154,057 shares. Based on an average daily volume of 668,531 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin Dynamic Municipal Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FLMI. Rockefeller Capital Management L.P. bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the fourth quarter valued at $42,000. Legacy Wealth Managment LLC ID lifted its stake in Franklin Dynamic Municipal Bond ETF by 704.8% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,849 shares of the company’s stock valued at $71,000 after acquiring an additional 2,495 shares during the last quarter. SouthState Bank Corp lifted its stake in Franklin Dynamic Municipal Bond ETF by 38.8% in the fourth quarter. SouthState Bank Corp now owns 5,752 shares of the company’s stock valued at $143,000 after acquiring an additional 1,608 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 1st quarter valued at about $211,000. Finally, Kennedy Investment Group bought a new position in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at about $229,000.

Franklin Dynamic Municipal Bond ETF Stock Down 0.0%

FLMI stock traded down $0.01 during mid-day trading on Wednesday, reaching $23.85. The company had a trading volume of 1,507,066 shares, compared to its average volume of 772,212. The stock has a 50 day simple moving average of $24.59 and a two-hundred day simple moving average of $24.84. Franklin Dynamic Municipal Bond ETF has a 52 week low of $23.83 and a 52 week high of $25.46.

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.