Franklin Municipal Green Bond ETF (NYSEARCA:FLMB – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 24,485 shares, a growth of 667.3% from the August 31st total of 3,191 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 33,226 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On Franklin Municipal Green Bond ETF
Large investors have recently bought and sold shares of the company. Commonwealth Financial Services LLC boosted its position in shares of Franklin Municipal Green Bond ETF by 2.2% during the first quarter. Commonwealth Financial Services LLC now owns 21,675 shares of the company’s stock worth $512,000 after purchasing an additional 459 shares in the last quarter. PFG Investments LLC acquired a new stake in Franklin Municipal Green Bond ETF during the 1st quarter worth $446,000. Western Wealth Management LLC bought a new position in Franklin Municipal Green Bond ETF during the first quarter worth about $110,000. Finally, PNC Financial Services Group Inc. grew its stake in 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 valued at $125,000 after acquiring an additional 5,001 shares during the period.
Franklin Municipal Green Bond ETF Price Performance
FLMB traded down $0.11 during midday trading on Friday, reaching $22.13. 40,427 shares of the company were exchanged, compared to its average volume of 19,803. Franklin Municipal Green Bond ETF has a one year low of $22.06 and a one year high of $24.29. The stock’s 50-day simple moving average is $23.17 and its 200 day simple moving average is $23.60.
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.
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