Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Short Interest Up 181.5% in May

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 7,600 shares, an increase of 181.5% from the May 15th total of 2,700 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 35,800 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Franklin Municipal Green Bond ETF

Large investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its holdings in shares of Franklin Municipal Green Bond ETF by 7.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 165,107 shares of the company’s stock valued at $3,931,000 after acquiring an additional 11,214 shares in the last quarter. LPL Financial LLC increased its position in Franklin Municipal Green Bond ETF by 9.8% during the 4th quarter. LPL Financial LLC now owns 18,537 shares of the company’s stock valued at $441,000 after purchasing an additional 1,647 shares during the period. Seeds Investor LLC bought a new position in Franklin Municipal Green Bond ETF in the 4th quarter worth $1,187,000. Cetera Investment Advisers raised its holdings in Franklin Municipal Green Bond ETF by 2.4% in the 4th quarter. Cetera Investment Advisers now owns 30,265 shares of the company’s stock worth $721,000 after purchasing an additional 697 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Franklin Municipal Green Bond ETF in the 4th quarter worth about $219,000.

Franklin Municipal Green Bond ETF Price Performance

NYSEARCA FLMB opened at $22.86 on Friday. The business’s 50-day moving average is $22.93 and its 200 day moving average is $23.50. Franklin Municipal Green Bond ETF has a 1 year low of $22.06 and a 1 year high of $24.47.

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.