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

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 594,305 shares, an increase of 220.3% from the February 26th total of 185,544 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 787,723 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 787,723 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.9% of the shares of the company are sold short.

Franklin Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA FLMI traded up $0.06 during midday trading on Wednesday, hitting $24.70. 424,752 shares of the company’s stock traded hands, compared to its average volume of 796,747. The firm has a fifty day moving average of $25.13 and a 200 day moving average of $24.95. Franklin Dynamic Municipal Bond ETF has a 1 year low of $23.05 and a 1 year high of $25.46.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at $25,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter worth $42,000. BOKF NA bought a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter worth $44,000. Greenline Wealth Management LLC bought a new position in Franklin Dynamic Municipal Bond ETF in the 4th quarter worth $52,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Franklin Dynamic Municipal Bond ETF during the third quarter valued at $62,000.

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.