Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Sees Significant Decrease in Short Interest

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 15,286 shares, a decrease of 28.5% from the January 15th total of 21,393 shares. Based on an average trading volume of 44,982 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 44,982 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in Franklin Municipal Green Bond ETF in the 1st quarter valued at $421,000. Jane Street Group LLC bought a new position in shares of Franklin Municipal Green Bond ETF in the first quarter valued at about $1,178,000. Seeds Investor LLC raised its position in shares of Franklin Municipal Green Bond ETF by 89.0% in the second quarter. Seeds Investor LLC now owns 100,330 shares of the company’s stock valued at $2,317,000 after purchasing an additional 47,250 shares during the period. Flow Traders U.S. LLC lifted its stake in shares of Franklin Municipal Green Bond ETF by 23.8% during the 2nd quarter. Flow Traders U.S. LLC now owns 19,112 shares of the company’s stock worth $441,000 after buying an additional 3,670 shares during the last quarter. Finally, Per Stirling Capital Management LLC. bought a new stake in shares of Franklin Municipal Green Bond ETF during the 2nd quarter worth about $349,000.

Franklin Municipal Green Bond ETF Price Performance

Shares of FLMB stock traded up $0.02 during mid-day trading on Friday, hitting $24.05. 7,832 shares of the company’s stock were exchanged, compared to its average volume of 23,848. The stock has a 50-day simple moving average of $23.84 and a two-hundred day simple moving average of $23.63. Franklin Municipal Green Bond ETF has a fifty-two week low of $22.06 and a fifty-two week high of $24.10.

Franklin Municipal Green Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.0597 per share. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, February 2nd.

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.