Franklin Municipal Green Bond ETF (NYSEARCA:FLMB – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 367 shares, a decline of 77.1% from the May 14th total of 1,600 shares. Based on an average daily volume of 20,535 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Institutional Investors Weigh In On Franklin Municipal Green Bond ETF
Several institutional investors have recently bought and sold shares of the company. Commonwealth Financial Services LLC lifted its stake 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 valued at $512,000 after acquiring an additional 459 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Franklin Municipal Green Bond ETF in the 4th quarter valued at approximately $63,000. Flagship Harbor Advisors LLC bought a new stake in Franklin Municipal Green Bond ETF in the 4th quarter valued at approximately $79,000. Flow Traders U.S. LLC lifted its stake in Franklin Municipal Green Bond ETF by 23.8% in the 2nd quarter. Flow Traders U.S. LLC now owns 19,112 shares of the company’s stock valued at $441,000 after acquiring an additional 3,670 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in Franklin Municipal Green Bond ETF in the 1st quarter valued at approximately $110,000.
Franklin Municipal Green Bond ETF Trading Down 0.1%
NYSEARCA FLMB traded down $0.03 during trading on Friday, hitting $23.89. The stock had a trading volume of 16,939 shares, compared to its average volume of 17,507. The company’s 50-day moving average price is $23.84 and its two-hundred day moving average price is $23.85. Franklin Municipal Green Bond ETF has a 12 month low of $22.60 and a 12 month high of $24.29.
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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