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

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 435,765 shares, a growth of 58.2% from the August 31st total of 275,366 shares. Based on an average trading volume of 1,235,501 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are short sold.

Franklin Dynamic Municipal Bond ETF Price Performance

FLMI stock traded up $0.04 during midday trading on Thursday, hitting $23.36. 2,799,542 shares of the company’s stock were exchanged, compared to its average volume of 841,740. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.10 and a 1-year high of $25.46. The business has a 50-day simple moving average of $24.30 and a two-hundred day simple moving average of $24.72.

Institutional Trading of Franklin Dynamic Municipal Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its stake in Franklin Dynamic Municipal Bond ETF by 395.3% during the first quarter. Geneos Wealth Management Inc. now owns 73,100 shares of the company’s stock worth $1,812,000 after buying an additional 58,340 shares during the period. WCG Wealth Advisors LLC acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter worth approximately $632,000. Penney Financial LLC lifted its holdings in shares of Franklin Dynamic Municipal Bond ETF by 12.5% in the 1st quarter. Penney Financial LLC now owns 293,015 shares of the company’s stock worth $7,264,000 after acquiring an additional 32,573 shares during the last quarter. Certified Advisory Corp boosted its position in shares of Franklin Dynamic Municipal Bond ETF by 40.1% during the 1st quarter. Certified Advisory Corp now owns 152,645 shares of the company’s stock worth $3,784,000 after purchasing an additional 43,721 shares during the period. Finally, Lido Advisors LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF during the 1st quarter worth approximately $1,345,000.

Franklin Dynamic Municipal Bond ETF Company Profile

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.