Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Short Interest Down 56.1% in July

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,126 shares, a decline of 56.1% from the July 15th total of 4,848 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 8,885 shares, the days-to-cover ratio is presently 0.2 days.

Franklin Municipal Green Bond ETF Price Performance

Shares of NYSEARCA FLMB traded down $0.03 during mid-day trading on Monday, hitting $23.50. The stock had a trading volume of 2,324 shares, compared to its average volume of 15,403. The company has a 50 day moving average of $23.74 and a two-hundred day moving average of $23.83. Franklin Municipal Green Bond ETF has a twelve month low of $22.78 and a twelve month high of $24.29.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new stake in Franklin Municipal Green Bond ETF in the first quarter valued at approximately $421,000. Jane Street Group LLC acquired a new stake in Franklin Municipal Green Bond ETF during the 1st quarter valued at approximately $1,178,000. Flow Traders U.S. LLC boosted its holdings in shares of 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Franklin Municipal Green Bond ETF in the second quarter worth $115,000. Finally, Seeds Investor LLC increased its stake in shares of Franklin Municipal Green Bond ETF by 10.1% in the fourth quarter. Seeds Investor LLC now owns 127,812 shares of the company’s stock worth $3,041,000 after acquiring an additional 11,766 shares during the period.

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.