Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Short Interest Up 822.3% in August

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,191 shares, an increase of 822.3% from the August 15th total of 346 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 8,311 shares, the short-interest ratio is presently 0.4 days.

Franklin Municipal Green Bond ETF Stock Up 0.4%

Shares of NYSEARCA FLMB traded up $0.09 on Friday, hitting $22.71. The company’s stock had a trading volume of 79,804 shares, compared to its average volume of 15,740. Franklin Municipal Green Bond ETF has a 12-month low of $22.62 and a 12-month high of $24.29. The stock has a 50 day moving average of $23.43 and a 200-day moving average of $23.71.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in Franklin Municipal Green Bond ETF during the 4th quarter valued at $63,000. Western Wealth Management LLC purchased a new position in Franklin Municipal Green Bond ETF during the first quarter worth $110,000. Raymond James Financial Inc. acquired a new position in shares of Franklin Municipal Green Bond ETF in the second quarter worth $115,000. PNC Financial Services Group Inc. lifted its position in shares of Franklin Municipal Green Bond ETF by 1,701.0% in 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 in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Franklin Municipal Green Bond ETF in the first quarter valued at $421,000.

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.