Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) Short Interest Down 76.0% in May

Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 40,026 shares, a drop of 76.0% from the April 30th total of 166,582 shares. Based on an average daily volume of 79,741 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Franklin Pennsylvania Municipal Income ETF Stock Up 0.2%

Shares of NYSEARCA FTPA traded up $0.02 during mid-day trading on Friday, reaching $8.70. The company had a trading volume of 27,210 shares, compared to its average volume of 52,186. Franklin Pennsylvania Municipal Income ETF has a one year low of $8.49 and a one year high of $8.81. The business’s 50-day simple moving average is $8.64 and its 200 day simple moving average is $8.67.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Franklin Pennsylvania Municipal Income ETF stock. Boston Family Office LLC bought a new stake in Franklin Pennsylvania Municipal Income ETF (NYSEARCA:FTPA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 65,516 shares of the company’s stock, valued at approximately $565,000. Boston Family Office LLC owned about 0.19% of Franklin Pennsylvania Municipal Income ETF as of its most recent SEC filing. 65.72% of the stock is currently owned by hedge funds and other institutional investors.

About Franklin Pennsylvania Municipal Income ETF

FTAC Parnassus Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify technology and financial services technology companies. The company was formerly known as FTAC General Acquisition Corp. FTAC Parnassus Acquisition Corp. was incorporated in 2020 and is based in Philadelphia, Pennsylvania.