Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Sees Significant Decrease in Short Interest
by Jessica Moore · The Cerbat GemFranklin Municipal Green Bond ETF (NYSEARCA:FLMB – Get Free Report) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 8,045 shares, a drop of 58.1% from the March 15th total of 19,211 shares. Based on an average daily volume of 14,590 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are sold short.
Institutional Investors Weigh In On Franklin Municipal Green Bond ETF
Several hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF during the 4th quarter worth about $63,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF during the 4th quarter worth about $79,000. 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 purchasing an additional 3,670 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Franklin Municipal Green Bond ETF during the 2nd quarter worth about $115,000. Finally, Allworth Financial LP purchased a new position in shares of Franklin Municipal Green Bond ETF during the 3rd quarter worth about $163,000.
Franklin Municipal Green Bond ETF Price Performance
Shares of Franklin Municipal Green Bond ETF stock traded up $0.01 during mid-day trading on Tuesday, hitting $23.89. 8,426 shares of the stock were exchanged, compared to its average volume of 19,033. Franklin Municipal Green Bond ETF has a twelve month low of $22.60 and a twelve month high of $24.29. The company has a 50-day simple moving average of $23.89 and a 200 day simple moving average of $23.85.
Franklin Municipal Green Bond ETF Company Profile
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.