Franklin Municipal Green Bond ETF (NYSEARCA:FLMB – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 10,804 shares, a growth of 2,843.9% from the May 31st total of 367 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 16,541 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On Franklin Municipal Green Bond ETF
Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Financial Services LLC increased its holdings in Franklin Municipal Green Bond ETF by 2.2% in the 1st quarter. Commonwealth Financial Services LLC now owns 21,675 shares of the company’s stock worth $512,000 after acquiring an additional 459 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Franklin Municipal Green Bond ETF during the fourth quarter valued at $63,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF in the fourth quarter valued at about $79,000. Flow Traders U.S. LLC grew its position in shares of Franklin Municipal Green Bond ETF by 23.8% in the second quarter. Flow Traders U.S. LLC now owns 19,112 shares of the company’s stock valued at $441,000 after purchasing an additional 3,670 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in shares of Franklin Municipal Green Bond ETF in the first quarter valued at about $110,000.
Franklin Municipal Green Bond ETF Stock Down 0.0%
FLMB traded down $0.01 during trading on Thursday, hitting $23.99. The company’s stock had a trading volume of 8,562 shares, compared to its average volume of 16,945. Franklin Municipal Green Bond ETF has a twelve month low of $22.60 and a twelve month high of $24.29. The business’s fifty day simple moving average is $23.87 and its 200 day simple moving average is $23.86.
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.
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