Franklin Municipal Green Bond ETF (NYSEARCA:FLMB – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 367 shares, a drop of 77.1% from the May 14th total of 1,600 shares. Based on an average daily trading volume, of 20,535 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Institutional Investors Weigh In On Franklin Municipal Green Bond ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLMB. Thrivent Financial for Lutherans purchased a new stake in Franklin Municipal Green Bond ETF in the fourth quarter worth $3,091,000. Jane Street Group LLC purchased a new stake in Franklin Municipal Green Bond ETF in the fourth quarter worth $2,838,000. OLD Mission Capital LLC purchased a new stake in Franklin Municipal Green Bond ETF in the fourth quarter worth $963,000. Goldman Sachs Group Inc. purchased a new position in Franklin Municipal Green Bond ETF during the 4th quarter valued at about $940,000. Finally, PFG Investments LLC purchased a new position in Franklin Municipal Green Bond ETF during the 1st quarter valued at about $446,000.
Franklin Municipal Green Bond ETF Stock Performance
Shares of FLMB opened at $23.92 on Wednesday. Franklin Municipal Green Bond ETF has a one year low of $22.60 and a one year high of $24.29. The company has a 50-day simple moving average of $23.82 and a two-hundred day simple moving average of $23.85.
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.
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