Short Interest in Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Decreases By 42.5%

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 129,087 shares, a drop of 42.5% from the January 29th total of 224,337 shares. Based on an average daily trading volume, of 693,974 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 693,974 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Franklin Dynamic Municipal Bond ETF

Several hedge funds have recently made changes to their positions in FLMI. Allworth Financial LP purchased a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 3rd quarter valued at approximately $25,000. BOKF NA purchased a new position in Franklin Dynamic Municipal Bond ETF in the third quarter worth approximately $44,000. Greenline Wealth Management LLC acquired a new stake in Franklin Dynamic Municipal Bond ETF during the fourth quarter worth $52,000. Assetmark Inc. purchased a new stake in Franklin Dynamic Municipal Bond ETF in the second quarter valued at $60,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at $62,000.

Franklin Dynamic Municipal Bond ETF Trading Up 0.0%

Shares of NYSEARCA FLMI traded up $0.01 during trading hours on Friday, hitting $25.45. 627,283 shares of the stock were exchanged, compared to its average volume of 811,320. Franklin Dynamic Municipal Bond ETF has a 12 month low of $23.05 and a 12 month high of $25.46. The firm has a fifty day moving average price of $25.09 and a 200-day moving average price of $24.83.

Franklin Dynamic Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.0762 per share. The ex-dividend date was Monday, February 2nd. This is an increase from Franklin Dynamic Municipal Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.6%.

About Franklin Dynamic Municipal Bond ETF

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.