Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) Short Interest Down 48.6% in December

Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 28,867 shares, a decrease of 48.6% from the November 30th total of 56,186 shares. Based on an average trading volume of 482,109 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 482,109 shares, the short-interest ratio is presently 0.1 days.

Franklin Dynamic Municipal Bond ETF Stock Up 0.0%

Franklin Dynamic Municipal Bond ETF stock traded up $0.01 during midday trading on Monday, reaching $24.86. The stock had a trading volume of 407,240 shares, compared to its average volume of 327,133. The firm’s fifty day simple moving average is $24.90 and its 200-day simple moving average is $24.53. Franklin Dynamic Municipal Bond ETF has a 1-year low of $23.05 and a 1-year high of $25.04.

Institutional Investors Weigh In On Franklin Dynamic Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP bought a new position in Franklin Dynamic Municipal Bond ETF during the third quarter worth $25,000. Ameritas Advisory Services LLC bought a new stake in shares of Franklin Dynamic Municipal Bond ETF during the 2nd quarter worth about $30,000. BOKF NA acquired a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at about $44,000. Assetmark Inc. acquired a new position in Franklin Dynamic Municipal Bond ETF in the 2nd quarter valued at about $60,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Franklin Dynamic Municipal Bond ETF in the 3rd quarter valued at about $62,000.

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.