Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) Short Interest Update

Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 87,593 shares, an increase of 190.0% from the August 15th total of 30,206 shares. Based on an average daily trading volume, of 142,328 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

Franklin Pennsylvania Municipal Income ETF Stock Up 0.1%

NYSEARCA:FTPA opened at $8.32 on Friday. The company has a 50 day simple moving average of $8.57 and a two-hundred day simple moving average of $8.64. Franklin Pennsylvania Municipal Income ETF has a 12 month low of $8.29 and a 12 month high of $8.81.

Hedge Funds Weigh In On Franklin Pennsylvania Municipal Income ETF

An institutional investor recently bought a new position in Franklin Pennsylvania Municipal Income ETF stock. Continuum Advisory LLC acquired a new position in Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,867 shares of the company’s stock, valued at approximately $51,000. Continuum Advisory LLC owned 0.06% of Franklin Pennsylvania Municipal Income ETF as of its most recent SEC filing. Hedge funds and other institutional investors own 65.72% of the company’s stock.

Franklin Pennsylvania Municipal Income ETF Company Profile

FTAC Parnassus Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify technology and financial services technology companies. The company was formerly known as FTAC General Acquisition Corp. FTAC Parnassus Acquisition Corp. was incorporated in 2020 and is based in Philadelphia, Pennsylvania.