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

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 5,738 shares, a decrease of 46.9% from the June 15th total of 10,804 shares. Based on an average daily volume of 7,246 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

Franklin Municipal Green Bond ETF Trading Up 0.0%

Shares of Franklin Municipal Green Bond ETF stock traded up $0.01 during trading on Wednesday, hitting $23.84. 1,825 shares of the company were exchanged, compared to its average volume of 15,998. Franklin Municipal Green Bond ETF has a fifty-two week low of $22.60 and a fifty-two week high of $24.29. The firm has a 50 day moving average price of $23.87 and a 200 day moving average price of $23.88.

Institutional Trading of Franklin Municipal Green Bond ETF

Large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF during the 4th quarter worth about $63,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Franklin Municipal Green Bond ETF in the fourth quarter valued at $79,000. Western Wealth Management LLC acquired a new stake in Franklin Municipal Green Bond ETF in the 1st quarter worth about $110,000. Raymond James Financial Inc. acquired a new position in shares of Franklin Municipal Green Bond ETF during the 2nd quarter valued at about $115,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Franklin Municipal Green Bond ETF by 1,701.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,295 shares of the company’s stock worth $125,000 after acquiring an additional 5,001 shares during the last quarter.

About Franklin Municipal Green Bond ETF

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.