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

by · The Markets Daily

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 435,765 shares, an increase of 58.2% from the August 31st total of 275,366 shares. Based on an average trading volume of 1,235,501 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

Franklin Dynamic Municipal Bond ETF Trading Up 0.8%

NYSEARCA:FLMI traded up $0.19 on Wednesday, hitting $23.32. The stock had a trading volume of 4,082,758 shares, compared to its average volume of 831,270. The business’s 50-day simple moving average is $24.33 and its two-hundred day simple moving average is $24.73. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.10 and a 52-week high of $25.46.

Hedge Funds Weigh In On Franklin Dynamic Municipal Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its position in Franklin Dynamic Municipal Bond ETF by 99.1% in the first quarter. Bank of America Corp DE now owns 2,703,252 shares of the company’s stock worth $67,014,000 after acquiring an additional 1,345,211 shares during the period. Meeder Advisory Services Inc. raised its holdings in Franklin Dynamic Municipal Bond ETF by 25.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock worth $58,652,000 after purchasing an additional 473,020 shares during the period. Cetera Investment Advisers lifted its position in Franklin Dynamic Municipal Bond ETF by 23.6% during the first quarter. Cetera Investment Advisers now owns 1,446,903 shares of the company’s stock valued at $35,869,000 after purchasing an additional 275,864 shares in the last quarter. Waverly Advisors LLC purchased a new position in Franklin Dynamic Municipal Bond ETF during the second quarter valued at $21,022,000. Finally, Sanctuary Advisors LLC lifted its position in Franklin Dynamic Municipal Bond ETF by 16.9% during the first quarter. Sanctuary Advisors LLC now owns 783,830 shares of the company’s stock valued at $19,431,000 after purchasing an additional 113,491 shares in the last quarter.

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.

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