Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Down 34.5% in June

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 85,418 shares, a decrease of 34.5% from the May 31st total of 130,359 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 913,373 shares, the short-interest ratio is presently 0.1 days.

Franklin Dynamic Municipal Bond ETF Stock Down 0.4%

Shares of NYSEARCA FLMI opened at $25.08 on Thursday. The firm’s 50-day moving average price is $24.99 and its 200-day moving average price is $25.00. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.94 and a 52-week high of $25.46.

Institutional Investors Weigh In On Franklin Dynamic Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its position in Franklin Dynamic Municipal Bond ETF by 0.8% in the 4th quarter. Global Retirement Partners LLC now owns 55,692 shares of the company’s stock worth $1,385,000 after purchasing an additional 427 shares during the period. Members Advisory Group LLC boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 3.1% in the 4th quarter. Members Advisory Group LLC now owns 15,808 shares of the company’s stock worth $393,000 after buying an additional 473 shares during the last quarter. Wayfinding Financial LLC boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 0.7% in the 3rd quarter. Wayfinding Financial LLC now owns 80,898 shares of the company’s stock worth $2,003,000 after buying an additional 550 shares during the last quarter. Bowman & Co S.C. grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 1.3% in the fourth quarter. Bowman & Co S.C. now owns 56,819 shares of the company’s stock worth $1,413,000 after acquiring an additional 704 shares during the period. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of Franklin Dynamic Municipal Bond ETF by 5.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 16,938 shares of the company’s stock worth $421,000 after acquiring an additional 829 shares during the period.

Franklin Dynamic Municipal Bond ETF Company Profile

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.