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

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 435,765 shares, an increase of 58.2% from the August 31st total of 275,366 shares. Based on an average daily trading volume, of 1,235,501 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are short sold.

Franklin Dynamic Municipal Bond ETF Price Performance

NYSEARCA FLMI traded up $0.12 during trading hours on Friday, hitting $23.48. The company had a trading volume of 647,546 shares, compared to its average volume of 838,738. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.10 and a fifty-two week high of $25.46. The business has a fifty day simple moving average of $24.28 and a 200-day simple moving average of $24.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in Franklin Dynamic Municipal Bond ETF by 99.1% during the 1st quarter. Bank of America Corp DE now owns 2,703,252 shares of the company’s stock worth $67,014,000 after buying an additional 1,345,211 shares during the period. Meeder Advisory Services Inc. grew its position in Franklin Dynamic Municipal Bond ETF by 25.0% in the first quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock worth $58,652,000 after acquiring an additional 473,020 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Franklin Dynamic Municipal Bond ETF by 23.6% in the 1st quarter. Cetera Investment Advisers now owns 1,446,903 shares of the company’s stock valued at $35,869,000 after purchasing an additional 275,864 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the second quarter worth about $21,022,000. Finally, Sanctuary Advisors LLC boosted its position in Franklin Dynamic Municipal Bond ETF by 16.9% during the first quarter. Sanctuary Advisors LLC now owns 783,830 shares of the company’s stock worth $19,431,000 after purchasing an additional 113,491 shares during the period.

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.