Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Short Interest Down 84.4% in April

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 531 shares, a drop of 84.4% from the April 15th total of 3,398 shares. Based on an average trading volume of 18,051 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLMB. Thrivent Financial for Lutherans acquired a new stake in Franklin Municipal Green Bond ETF during the fourth quarter worth about $3,091,000. Seeds Investor LLC raised its stake in shares of Franklin Municipal Green Bond ETF by 10.1% during the fourth quarter. Seeds Investor LLC now owns 127,812 shares of the company’s stock valued at $3,041,000 after acquiring an additional 11,766 shares during the last quarter. Jane Street Group LLC bought a new position in Franklin Municipal Green Bond ETF during the 4th quarter worth approximately $2,838,000. Cetera Investment Advisers lifted its stake in shares of Franklin Municipal Green Bond ETF by 20.1% in the 4th quarter. Cetera Investment Advisers now owns 71,325 shares of the company’s stock valued at $1,697,000 after purchasing an additional 11,933 shares during the period. Finally, OLD Mission Capital LLC acquired a new position in shares of Franklin Municipal Green Bond ETF during the 4th quarter valued at $963,000.

Franklin Municipal Green Bond ETF Stock Down 0.1%

Shares of NYSEARCA FLMB traded down $0.03 during midday trading on Tuesday, reaching $23.87. The company’s stock had a trading volume of 4,784 shares, compared to its average volume of 17,633. The business’s 50 day moving average price is $23.84 and its two-hundred day moving average price is $23.87. Franklin Municipal Green Bond ETF has a fifty-two week low of $22.60 and a fifty-two week high of $24.29.

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.