Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Down 48.6% in December

by · The Cerbat Gem

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Get Free Report) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 28,867 shares, a drop of 48.6% from the November 30th total of 56,186 shares. Based on an average daily trading volume, of 482,109 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 482,109 shares, the days-to-cover ratio is currently 0.1 days.

Franklin Dynamic Municipal Bond ETF Stock Performance

NYSEARCA:FLMI traded up $0.02 on Friday, hitting $24.85. 491,458 shares of the stock were exchanged, compared to its average volume of 326,864. The stock has a fifty day moving average of $24.90 and a 200-day moving average of $24.52. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.05 and a fifty-two week high of $25.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLMI. Raymond James Financial Inc. increased its position in shares of Franklin Dynamic Municipal Bond ETF by 24.5% in the first quarter. Raymond James Financial Inc. now owns 597,975 shares of the company’s stock worth $14,615,000 after acquiring an additional 117,811 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in Franklin Dynamic Municipal Bond ETF by 50.1% in the 1st quarter. Kestra Advisory Services LLC now owns 56,826 shares of the company’s stock valued at $1,389,000 after purchasing an additional 18,969 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Franklin Dynamic Municipal Bond ETF by 134.4% in the first quarter. Integrated Wealth Concepts LLC now owns 33,290 shares of the company’s stock valued at $814,000 after purchasing an additional 19,089 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the first quarter worth about $100,000. Finally, Jane Street Group LLC boosted its position in shares of Franklin Dynamic Municipal Bond ETF by 37.2% in the first 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 during the period.

About Franklin Dynamic Municipal Bond ETF

(Get Free Report)

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.

Read More