Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Up 107.9% in July

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 191,059 shares, an increase of 107.9% from the June 30th total of 91,914 shares. Based on an average trading volume of 605,670 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin Dynamic Municipal Bond ETF

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new position in Franklin Dynamic Municipal Bond ETF during the first quarter worth $100,000. Jane Street Group LLC lifted its position in Franklin Dynamic Municipal Bond ETF by 37.2% during the 1st quarter. Jane Street Group LLC now owns 45,280 shares of the company’s stock worth $1,107,000 after buying an additional 12,284 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the 2nd quarter worth about $1,982,000. Raymond James Financial Inc. grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 38.2% in the 2nd quarter. Raymond James Financial Inc. now owns 826,544 shares of the company’s stock valued at $20,052,000 after acquiring an additional 228,569 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Franklin Dynamic Municipal Bond ETF by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 1,060,685 shares of the company’s stock valued at $25,683,000 after acquiring an additional 309,775 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI stock traded down $0.06 during trading hours on Thursday, reaching $24.66. 829,991 shares of the stock were exchanged, compared to its average volume of 753,226. The firm’s 50-day moving average is $24.97 and its 200-day moving average is $25.00. Franklin Dynamic Municipal Bond ETF has a 12 month low of $24.01 and a 12 month 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.