FTPA Short Volume
Franklin Pennsylvania Municipal Income ETF (FTPA) operates in the Financial Services sector, specifically the Asset Management - Bonds industry, with a market capitalization near $298.3M, listed on AMEX, carrying a beta of 0.15 to the broader market. This ETF strives to generate significant current income that is exempt from both federal and Pennsylvania state personal income taxes, all while maintaining a focus on safeguarding the principal investment. Led by Ryan M. Gilbert, public since 2025-11-10.
Short volume measures the number of shares sold short on a given day as reported by FINRA. Tracking short volume relative to total volume helps identify unusual bearish sentiment or short-squeeze potential.
- Latest Date
- 2026-07-16
- Short Volume
- 19.0K
- Total Volume
- 36.8K
- Short %
- 51.78%
- 30-Day Avg Short %
- 50.63%
Showing 30 days of FINRA short volume data for Franklin Pennsylvania Municipal Income ETF.
Learn how short volume is reported and how to read the data →
Frequently asked FTPA short volume questions
- What is the daily FTPA short volume?
- As of Jul 16, 2026, Franklin Pennsylvania Municipal Income ETF (FTPA) short volume is 19.0K shares against 36.8K total reported volume, or 51.78% short-side. Short volume measures shares sold short during the day; it is flow, not inventory.
- How is FTPA short volume reported?
- FINRA publishes the Daily Short Sale Volume File for trades reported to FINRA TRFs and the FINRA/Nasdaq ADF on a T+1 basis. The headline figure is the count of shares that printed at the short-sale or short-exempt tick across all reporting venues for the symbol; each exchange separately publishes its own daily short-sale data file.
- What does FTPA short volume tell options traders?
- Daily short-sale flow is one input that helps disambiguate dealer-hedging activity from directional bear flow when the chain shows fresh customer call inventory. It is not a clean MM-only proxy: the headline number mixes directional shorting, options-MM delta-hedging, ETF-creation arbitrage, and convertible-arb hedging. Cross-check against gamma-exposure and OI changes for a cleaner read.