Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI – Get Free Report) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 109,335 shares, a decline of 42.8% from the July 15th total of 191,059 shares. Based on an average daily volume of 632,164 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.
Franklin Dynamic Municipal Bond ETF Price Performance
NYSEARCA FLMI traded down $0.03 during trading hours on Monday, hitting $24.70. 147,074 shares of the company were exchanged, compared to its average volume of 741,059. The company has a 50 day moving average of $24.91 and a two-hundred day moving average of $24.98. Franklin Dynamic Municipal Bond ETF has a 52-week low of $24.05 and a 52-week high of $25.46.
Institutional Trading of Franklin Dynamic Municipal Bond ETF
Several hedge funds have recently added to or reduced their stakes in FLMI. Allworth Financial LP acquired a new position in Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth approximately $25,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Franklin Dynamic Municipal Bond ETF in the 4th quarter valued at $42,000. BOKF NA purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter worth $44,000. Greenline Wealth Management LLC purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 4th quarter worth $52,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF during the third quarter worth $62,000.
About Franklin Dynamic Municipal Bond ETF
The Franklin Dynamic Municipal Bond ETF (FLMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. FLMI was launched on Aug 31, 2017 and is managed by Franklin Templeton.
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