Short Interest in Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Declines By 46.9%

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,738 shares, a decline of 46.9% from the June 15th total of 10,804 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 7,246 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Franklin Municipal Green Bond ETF

Hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans acquired a new position in shares of Franklin Municipal Green Bond ETF in the fourth quarter valued at approximately $3,091,000. Jane Street Group LLC acquired a new stake in Franklin Municipal Green Bond ETF during the 4th quarter worth approximately $2,838,000. OLD Mission Capital LLC purchased a new position in Franklin Municipal Green Bond ETF in the 4th quarter valued at approximately $963,000. Goldman Sachs Group Inc. purchased a new position in Franklin Municipal Green Bond ETF in the 4th quarter valued at approximately $940,000. Finally, PFG Investments LLC purchased a new position in Franklin Municipal Green Bond ETF in the 1st quarter valued at approximately $446,000.

Franklin Municipal Green Bond ETF Stock Performance

FLMB remained flat at $23.74 during mid-day trading on Friday. The company had a trading volume of 7,194 shares, compared to its average volume of 15,835. The firm’s fifty day moving average price is $23.86 and its two-hundred day moving average price is $23.88. Franklin Municipal Green Bond ETF has a 1 year low of $22.60 and a 1 year high of $24.29.

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.