Short Interest in Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) Rises By 132.4%

Franklin Municipal Green Bond ETF (NYSEARCA:FLMB) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 10,704 shares, a growth of 132.4% from the February 12th total of 4,606 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 5,583 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily trading volume, of 5,583 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of Franklin Municipal Green Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Seeds Investor LLC lifted its holdings in Franklin Municipal Green Bond ETF by 89.0% during the 2nd quarter. Seeds Investor LLC now owns 100,330 shares of the company’s stock worth $2,317,000 after purchasing an additional 47,250 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Franklin Municipal Green Bond ETF during the 2nd quarter valued at about $3,252,000. Per Stirling Capital Management LLC. purchased a new position in Franklin Municipal Green Bond ETF during the 2nd quarter valued at about $349,000. Cetera Investment Advisers increased its position in shares of Franklin Municipal Green Bond ETF by 20.1% during the fourth quarter. Cetera Investment Advisers now owns 71,325 shares of the company’s stock valued at $1,697,000 after buying an additional 11,933 shares during the period. Finally, Flow Traders U.S. LLC increased its position in shares of Franklin Municipal Green Bond ETF by 23.8% during the second quarter. Flow Traders U.S. LLC now owns 19,112 shares of the company’s stock valued at $441,000 after buying an additional 3,670 shares during the period.

Franklin Municipal Green Bond ETF Stock Up 0.4%

FLMB opened at $23.87 on Friday. Franklin Municipal Green Bond ETF has a 12 month low of $22.06 and a 12 month high of $24.29. The company has a 50 day moving average of $23.96 and a 200 day moving average of $23.78.

Franklin Municipal Green Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.052 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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.