Franklin Municipal Green Bond ETF (NYSEARCA:FLMB – Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 5,418 shares, a decline of 85.4% from the September 30th total of 37,117 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 33,713 shares, the short-interest ratio is presently 0.2 days.
Franklin Municipal Green Bond ETF Stock Up 0.0%
NYSEARCA:FLMB traded up $0.00 during mid-day trading on Tuesday, reaching $22.65. The company’s stock had a trading volume of 2,452 shares, compared to its average volume of 20,959. Franklin Municipal Green Bond ETF has a twelve month low of $21.65 and a twelve month high of $24.29. The company’s fifty day simple moving average is $22.60 and its two-hundred day simple moving average is $23.52.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC bought a new stake in shares of Franklin Municipal Green Bond ETF in the 1st quarter worth about $110,000. PNC Financial Services Group Inc. boosted its holdings in shares of Franklin Municipal Green Bond ETF by 1,701.0% during 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. PFG Investments LLC bought a new stake in shares of Franklin Municipal Green Bond ETF during the first quarter valued at approximately $446,000. Finally, Commonwealth Financial Services LLC increased its stake in shares of Franklin Municipal Green Bond ETF by 2.2% during the 1st quarter. Commonwealth Financial Services LLC now owns 21,675 shares of the company’s stock worth $512,000 after purchasing an additional 459 shares during the last quarter.
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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