Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Short Interest Up 2,843.9% in June

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 10,804 shares, a growth of 2,843.9% from the May 31st total of 367 shares. Based on an average daily trading volume, of 16,541 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FLMB. Thrivent Financial for Lutherans bought a new stake in shares of Franklin Municipal Green Bond ETF in the 4th quarter valued at about $3,091,000. Jane Street Group LLC purchased a new position in Franklin Municipal Green Bond ETF during the fourth quarter valued at approximately $2,838,000. OLD Mission Capital LLC purchased a new position in Franklin Municipal Green Bond ETF during the fourth quarter valued at approximately $963,000. Goldman Sachs Group Inc. purchased a new position in Franklin Municipal Green Bond ETF during the fourth quarter valued at approximately $940,000. Finally, PFG Investments LLC bought a new position in Franklin Municipal Green Bond ETF in the first quarter worth approximately $446,000.

Franklin Municipal Green Bond ETF Stock Performance

Shares of Franklin Municipal Green Bond ETF stock traded up $0.01 during trading on Friday, hitting $24.00. 919 shares of the stock traded hands, compared to its average volume of 16,812. Franklin Municipal Green Bond ETF has a 52-week low of $22.60 and a 52-week high of $24.29. The stock’s fifty day simple moving average is $23.87 and its 200 day simple moving average is $23.86.

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.