Short Interest in Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Expands By 201.3%

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,600 shares, a growth of 201.3% from the April 30th total of 531 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,184 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Franklin Municipal Green Bond ETF

Several large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans acquired a new stake in Franklin Municipal Green Bond ETF in the fourth quarter valued at about $3,091,000. Seeds Investor LLC boosted its stake in shares of Franklin Municipal Green Bond ETF by 10.1% during the fourth quarter. Seeds Investor LLC now owns 127,812 shares of the company’s stock valued at $3,041,000 after purchasing an additional 11,766 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF during the fourth quarter valued at about $2,838,000. Cetera Investment Advisers boosted its stake in shares of Franklin Municipal Green Bond ETF by 20.1% during the fourth quarter. Cetera Investment Advisers now owns 71,325 shares of the company’s stock valued at $1,697,000 after purchasing an additional 11,933 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF during the fourth quarter valued at about $963,000.

Franklin Municipal Green Bond ETF Stock Performance

NYSEARCA:FLMB traded up $0.06 during trading hours on Friday, hitting $23.94. The company’s stock had a trading volume of 16,374 shares, compared to its average volume of 17,588. The stock has a fifty day simple moving average of $23.78 and a 200-day simple moving average of $23.85. Franklin Municipal Green Bond ETF has a twelve month low of $22.60 and a twelve month high of $24.29.

About Franklin Municipal Green Bond ETF

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.