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

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,191 shares, a growth of 822.3% from the August 15th total of 346 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 8,311 shares, the short-interest ratio is presently 0.4 days.

Franklin Municipal Green Bond ETF Stock Performance

Franklin Municipal Green Bond ETF stock traded up $0.14 during midday trading on Friday, reaching $22.76. The stock had a trading volume of 963 shares, compared to its average volume of 15,283. Franklin Municipal Green Bond ETF has a 52-week low of $22.62 and a 52-week high of $24.29. The company has a fifty day moving average of $23.45 and a 200 day moving average of $23.72.

Institutional Trading of Franklin Municipal Green Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FLMB. Thrivent Financial for Lutherans bought a new position in Franklin Municipal Green Bond ETF in the fourth quarter worth approximately $3,091,000. Jane Street Group LLC bought a new stake in shares of Franklin Municipal Green Bond ETF in the fourth quarter valued at about $2,838,000. Cetera Investment Advisers lifted its stake in Franklin Municipal Green Bond ETF by 20.1% in the fourth quarter. Cetera Investment Advisers now owns 71,325 shares of the company’s stock worth $1,697,000 after acquiring an additional 11,933 shares during the period. OLD Mission Capital LLC bought a new position in Franklin Municipal Green Bond ETF during the 4th quarter worth about $963,000. Finally, Goldman Sachs Group Inc. purchased a new position in Franklin Municipal Green Bond ETF during the 4th quarter valued at about $940,000.

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.