Short Interest in Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Increases By 2,843.9%

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 10,804 shares, a growth of 2,843.9% from the May 31st total of 367 shares. Based on an average trading volume of 16,541 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are short sold.

Franklin Municipal Green Bond ETF Trading Down 0.0%

Franklin Municipal Green Bond ETF stock traded down $0.01 during mid-day trading on Thursday, hitting $23.99. The company had a trading volume of 8,562 shares, compared to its average volume of 16,945. Franklin Municipal Green Bond ETF has a 12-month low of $22.60 and a 12-month high of $24.29. The company’s fifty day moving average is $23.87 and its 200-day moving average is $23.86.

Institutional Trading of Franklin Municipal Green Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in Franklin Municipal Green Bond ETF during the first quarter valued at $421,000. Jane Street Group LLC purchased a new stake in shares of Franklin Municipal Green Bond ETF during the 1st quarter worth about $1,178,000. Flow Traders U.S. LLC boosted its stake in shares of Franklin Municipal Green Bond ETF by 23.8% during the 2nd quarter. Flow Traders U.S. LLC now owns 19,112 shares of the company’s stock worth $441,000 after acquiring an additional 3,670 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Franklin Municipal Green Bond ETF during the 2nd quarter valued at about $115,000. Finally, Per Stirling Capital Management LLC. grew its position in shares of Franklin Municipal Green Bond ETF by 94.3% during the 3rd quarter. Per Stirling Capital Management LLC. now owns 29,395 shares of the company’s stock valued at $696,000 after acquiring an additional 14,265 shares during the period.

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.