Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Sees Significant Increase in Short Interest

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 4,816 shares, a growth of 99.5% from the November 30th total of 2,414 shares. Based on an average trading volume of 2,929 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 2,929 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Franklin U.S. Dividend Multiplier Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of XUDV. Envestnet Asset Management Inc. lifted its stake in Franklin U.S. Dividend Multiplier Index ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 205,325 shares of the company’s stock worth $5,486,000 after purchasing an additional 5,438 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the 2nd quarter valued at approximately $4,247,000. Finally, Assetmark Inc. acquired a new stake in Franklin U.S. Dividend Multiplier Index ETF in the second quarter valued at approximately $20,948,000.

Franklin U.S. Dividend Multiplier Index ETF Price Performance

XUDV stock traded down $0.10 during trading hours on Friday, reaching $26.75. 7,311 shares of the stock were exchanged, compared to its average volume of 407. The company has a market cap of $53.50 million, a price-to-earnings ratio of 14.08 and a beta of -1.16. The firm’s 50-day moving average is $26.46 and its 200-day moving average is $26.26. Franklin U.S. Dividend Multiplier Index ETF has a 12 month low of $21.47 and a 12 month high of $27.31.

About Franklin U.S. Dividend Multiplier Index ETF

The Franklin U.S. Dividend Multiplier Index ETF (XUDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of US large-cap companies that employs an optimizer aimed to deliver high dividend yield balanced against volatility. XUDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.