Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Down 27.9% in December

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 20,806 shares, a decrease of 27.9% from the December 15th total of 28,867 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 511,385 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 511,385 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Franklin Dynamic Municipal Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in Franklin Dynamic Municipal Bond ETF by 4.9% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,272,212 shares of the company’s stock valued at $56,283,000 after acquiring an additional 106,121 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Franklin Dynamic Municipal Bond ETF by 93.1% in the third quarter. Ameriprise Financial Inc. now owns 2,048,279 shares of the company’s stock valued at $50,767,000 after purchasing an additional 987,594 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in shares of Franklin Dynamic Municipal Bond ETF by 9.0% during the 3rd quarter. Meeder Advisory Services Inc. now owns 1,737,026 shares of the company’s stock worth $43,026,000 after purchasing an additional 143,597 shares in the last quarter. Focus Partners Wealth raised its position in shares of Franklin Dynamic Municipal Bond ETF by 8.9% during the 3rd quarter. Focus Partners Wealth now owns 1,426,015 shares of the company’s stock worth $35,322,000 after purchasing an additional 116,257 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Franklin Dynamic Municipal Bond ETF by 33.9% during the 3rd quarter. Raymond James Financial Inc. now owns 1,107,080 shares of the company’s stock worth $27,422,000 after purchasing an additional 280,536 shares during the last quarter.

Franklin Dynamic Municipal Bond ETF Stock Performance

FLMI stock remained flat at $25.05 during midday trading on Friday. The company had a trading volume of 549,341 shares, compared to its average volume of 1,018,295. The stock’s fifty day moving average is $24.90 and its 200-day moving average is $24.61. Franklin Dynamic Municipal Bond ETF has a 52-week low of $23.05 and a 52-week high of $25.08.

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.