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

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 10,704 shares, a growth of 132.4% from the February 12th total of 4,606 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 5,583 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 5,583 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.3% of the shares of the stock are sold short.

Franklin Municipal Green Bond ETF Stock Performance

Shares of FLMB traded up $0.09 during trading hours on Friday, reaching $23.87. 90,218 shares of the company’s stock traded hands, compared to its average volume of 22,364. The firm’s 50 day simple moving average is $23.96 and its 200-day simple moving average is $23.78. Franklin Municipal Green Bond ETF has a 12 month low of $22.06 and a 12 month high of $24.29.

Franklin Municipal Green Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.052 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 2.6%.

Hedge Funds Weigh In On Franklin Municipal Green Bond ETF

A number of institutional investors have recently made changes to their positions in FLMB. Kestra Advisory Services LLC purchased a new stake in shares of Franklin Municipal Green Bond ETF during the 4th quarter valued at $63,000. Flagship Harbor Advisors LLC bought a new position in Franklin Municipal Green Bond ETF in the fourth quarter valued at $79,000. Flow Traders U.S. LLC increased its stake in Franklin Municipal Green Bond ETF by 23.8% in the second quarter. Flow Traders U.S. LLC now owns 19,112 shares of the company’s stock valued at $441,000 after acquiring an additional 3,670 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Franklin Municipal Green Bond ETF during the second quarter valued at about $115,000. Finally, Allworth Financial LP purchased a new stake in Franklin Municipal Green Bond ETF during the third quarter valued at about $163,000.

Franklin Municipal Green Bond ETF Company Profile

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.