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

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 15,196 shares, an increase of 170.8% from the June 15th total of 5,612 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,851 shares, the short-interest ratio is currently 1.4 days.

Franklin U.S. Dividend Multiplier Index ETF Stock Performance

NYSEARCA XUDV opened at $32.11 on Tuesday. The firm has a market cap of $75.46 million, a price-to-earnings ratio of 14.08 and a beta of 0.57. The firm has a 50 day simple moving average of $31.32 and a 200-day simple moving average of $29.38. Franklin U.S. Dividend Multiplier Index ETF has a one year low of $25.30 and a one year high of $32.57.

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

Institutional investors have recently added to or reduced their stakes in the stock. Invested Advisors acquired a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF in the fourth quarter valued at approximately $556,000. Ameritas Advisory Services LLC purchased a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the fourth quarter worth about $294,000. Franklin Resources Inc. purchased a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the fourth quarter worth about $15,625,000. Finally, Cetera Investment Advisers grew its holdings in shares of Franklin U.S. Dividend Multiplier Index ETF by 1.0% during the fourth quarter. Cetera Investment Advisers now owns 173,032 shares of the company’s stock worth $4,582,000 after buying an additional 1,769 shares in the last quarter.

Franklin U.S. Dividend Multiplier Index ETF Company Profile

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.