Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) Short Interest Up 142.9% in April

Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 166,582 shares, an increase of 142.9% from the April 15th total of 68,577 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 70,514 shares, the days-to-cover ratio is currently 2.4 days.

Franklin Pennsylvania Municipal Income ETF Stock Down 0.7%

FTPA traded down $0.06 on Friday, reaching $8.59. 26,804 shares of the company’s stock were exchanged, compared to its average volume of 53,961. The company’s 50 day moving average is $8.65 and its 200-day moving average is $8.77. Franklin Pennsylvania Municipal Income ETF has a twelve month low of $8.49 and a twelve month high of $8.81.

Institutional Trading of Franklin Pennsylvania Municipal Income ETF

An institutional investor recently bought a new position in Franklin Pennsylvania Municipal Income ETF stock. Boston Family Office LLC acquired a new stake in Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 65,516 shares of the company’s stock, valued at approximately $565,000. Boston Family Office LLC owned approximately 0.19% of Franklin Pennsylvania Municipal Income ETF as of its most recent SEC filing. Hedge funds and other institutional investors own 65.72% of the company’s stock.

Franklin Pennsylvania Municipal Income ETF Company Profile

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.