Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) Sees Significant Decline in Short Interest

by · The Cerbat Gem

Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 40,026 shares, a decrease of 76.0% from the April 30th total of 166,582 shares. Based on an average daily trading volume, of 79,741 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Franklin Pennsylvania Municipal Income ETF

An institutional investor recently bought a new position in Franklin Pennsylvania Municipal Income ETF stock. Boston Family Office LLC purchased a new stake in shares of Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 65,516 shares of the company’s stock, valued at approximately $565,000. Boston Family Office LLC owned 0.19% of Franklin Pennsylvania Municipal Income ETF as of its most recent SEC filing. Institutional investors and hedge funds own 65.72% of the company’s stock.

Franklin Pennsylvania Municipal Income ETF Price Performance

NYSEARCA FTPA traded up $0.02 during mid-day trading on Friday, reaching $8.70. 27,210 shares of the stock were exchanged, compared to its average volume of 52,186. Franklin Pennsylvania Municipal Income ETF has a one year low of $8.49 and a one year high of $8.81. The stock has a 50 day simple moving average of $8.63 and a 200-day simple moving average of $8.67.

Franklin Pennsylvania Municipal Income ETF Company Profile

(Get Free Report)

FTAC Parnassus Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify technology and financial services technology companies. The company was formerly known as FTAC General Acquisition Corp. FTAC Parnassus Acquisition Corp. was incorporated in 2020 and is based in Philadelphia, Pennsylvania.

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