Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Short Interest Update

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 98,909 shares, a decrease of 51.4% from the June 30th total of 203,547 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 84,639 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after acquiring an additional 9,668 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the 1st quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock valued at $1,428,000 after buying an additional 20,981 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter worth approximately $291,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock worth $1,886,000 after purchasing an additional 26,641 shares during the last quarter.

Franklin U.S. Low Volatility High Dividend Index ETF Price Performance

Franklin U.S. Low Volatility High Dividend Index ETF stock traded up $0.65 during midday trading on Tuesday, hitting $46.02. 24,787 shares of the stock were exchanged, compared to its average volume of 57,903. Franklin U.S. Low Volatility High Dividend Index ETF has a 1 year low of $39.46 and a 1 year high of $46.50. The firm has a market cap of $644.28 million, a P/E ratio of 16.71 and a beta of 0.58. The company has a 50 day moving average price of $43.79 and a two-hundred day moving average price of $43.10.

Franklin U.S. Low Volatility High Dividend Index ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Thursday, May 7th were given a dividend of $0.3228 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, May 7th.

About Franklin U.S. Low Volatility High Dividend Index ETF

The Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is an exchange-traded fund that is based on the QS Low Volatility High Dividend index. The fund tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.