Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Up 27.9% in January

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 224,337 shares, an increase of 27.9% from the January 15th total of 175,394 shares. Based on an average daily trading volume, of 923,969 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 923,969 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FLMI. Tenzing Financial LLC purchased a new position in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter worth $424,000. MML Investors Services LLC grew its position in Franklin Dynamic Municipal Bond ETF by 39.7% in the fourth quarter. MML Investors Services LLC now owns 58,057 shares of the company’s stock worth $1,444,000 after acquiring an additional 16,497 shares in the last quarter. Mariner LLC increased its stake in Franklin Dynamic Municipal Bond ETF by 1.9% during the fourth quarter. Mariner LLC now owns 210,075 shares of the company’s stock worth $5,225,000 after acquiring an additional 3,928 shares during the last quarter. Kestra Advisory Services LLC raised its position in Franklin Dynamic Municipal Bond ETF by 22.3% during the fourth quarter. Kestra Advisory Services LLC now owns 94,587 shares of the company’s stock valued at $2,352,000 after purchasing an additional 17,249 shares during the period. Finally, Visionary Wealth Advisors purchased a new stake in Franklin Dynamic Municipal Bond ETF during the fourth quarter valued at approximately $378,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.0%

Franklin Dynamic Municipal Bond ETF stock traded up $0.01 during mid-day trading on Monday, hitting $25.28. The stock had a trading volume of 693,960 shares, compared to its average volume of 894,345. Franklin Dynamic Municipal Bond ETF has a one year low of $23.05 and a one year high of $25.32. The firm’s 50 day moving average is $24.98 and its 200 day moving average is $24.75.

Franklin Dynamic Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.0762 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. This is a boost from Franklin Dynamic Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd.

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.