Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Sees Significant Increase in Short Interest

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 19,211 shares, a growth of 79.5% from the February 26th total of 10,704 shares. Based on an average trading volume of 33,125 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Franklin Municipal Green Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLMB. Thrivent Financial for Lutherans purchased a new stake in shares of Franklin Municipal Green Bond ETF during the second quarter worth $3,252,000. Per Stirling Capital Management LLC. purchased a new position in shares of Franklin Municipal Green Bond ETF in the second quarter worth about $349,000. Jane Street Group LLC acquired a new position in Franklin Municipal Green Bond ETF during the first quarter worth about $1,178,000. OLD Mission Capital LLC acquired a new position in Franklin Municipal Green Bond ETF during the fourth quarter worth about $963,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Franklin Municipal Green Bond ETF during the 4th quarter valued at about $940,000.

Franklin Municipal Green Bond ETF Stock Performance

Shares of NYSEARCA FLMB traded down $0.06 during midday trading on Friday, hitting $23.45. The stock had a trading volume of 13,737 shares, compared to its average volume of 20,880. The stock has a 50 day simple moving average of $23.91 and a 200-day simple moving average of $23.83. Franklin Municipal Green Bond ETF has a 1 year low of $22.06 and a 1 year high of $24.29.

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.