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

by · The Cerbat Gem

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 175,394 shares, an increase of 743.0% from the December 31st total of 20,806 shares. Based on an average trading volume of 1,065,226 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 1,065,226 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Franklin Dynamic Municipal Bond ETF

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new position in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter valued at approximately $100,000. Jane Street Group LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 37.2% during the first quarter. Jane Street Group LLC now owns 45,280 shares of the company’s stock valued at $1,107,000 after acquiring an additional 12,284 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter worth $303,000. Janney Montgomery Scott LLC lifted its stake in Franklin Dynamic Municipal Bond ETF by 20.3% in the second quarter. Janney Montgomery Scott LLC now owns 65,657 shares of the company’s stock worth $1,593,000 after acquiring an additional 11,078 shares during the period. Finally, Asio Capital LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 2nd quarter valued at about $5,902,000.

Franklin Dynamic Municipal Bond ETF Stock Up 0.0%

Shares of NYSEARCA FLMI traded up $0.01 during midday trading on Wednesday, reaching $25.08. 496,839 shares of the stock traded hands, compared to its average volume of 993,874. The company’s 50 day moving average is $24.92 and its 200 day moving average is $24.65. Franklin Dynamic Municipal Bond ETF has a one year low of $23.05 and a one year high of $25.09.

Franklin Dynamic Municipal Bond ETF Company Profile

(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