Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Down 34.5% in June

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 85,418 shares, a decrease of 34.5% from the May 31st total of 130,359 shares. Based on an average daily volume of 913,373 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Franklin Dynamic Municipal Bond ETF Stock Performance

NYSEARCA:FLMI opened at $25.08 on Thursday. Franklin Dynamic Municipal Bond ETF has a fifty-two week low of $23.94 and a fifty-two week high of $25.46. The firm has a 50-day simple moving average of $24.99 and a two-hundred day simple moving average of $25.00.

Hedge Funds Weigh In On Franklin Dynamic Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in FLMI. Bank of America Corp DE lifted its position in Franklin Dynamic Municipal Bond ETF by 99.1% in the 1st quarter. Bank of America Corp DE now owns 2,703,252 shares of the company’s stock valued at $67,014,000 after acquiring an additional 1,345,211 shares in the last quarter. LPL Financial LLC raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 27.4% in the fourth quarter. LPL Financial LLC now owns 4,806,634 shares of the company’s stock worth $119,541,000 after purchasing an additional 1,034,603 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Franklin Dynamic Municipal Bond ETF by 93.1% in the third quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock worth $50,767,000 after purchasing an additional 987,594 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 75.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,530,968 shares of the company’s stock valued at $38,075,000 after purchasing an additional 660,284 shares in the last quarter. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 25.0% during the first quarter. Meeder Advisory Services Inc. now owns 2,365,948 shares of the company’s stock valued at $58,652,000 after purchasing an additional 473,020 shares in the last quarter.

About Franklin Dynamic Municipal Bond ETF

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.