Short Interest in Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) Increases By 187.6%

Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 1,577,369 shares, an increase of 187.6% from the July 15th total of 548,544 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 835,202 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Franklin International Low Volatility High Dividend Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Torren Management LLC purchased a new stake in Franklin International Low Volatility High Dividend Index ETF during the 1st quarter worth about $33,000. Parallel Advisors LLC raised its position in Franklin International Low Volatility High Dividend Index ETF by 275.5% in the 1st quarter. Parallel Advisors LLC now owns 1,363 shares of the company’s stock valued at $55,000 after purchasing an additional 1,000 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Franklin International Low Volatility High Dividend Index ETF in the 1st quarter valued at about $119,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Franklin International Low Volatility High Dividend Index ETF in the 4th quarter valued at about $238,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Franklin International Low Volatility High Dividend Index ETF in the 1st quarter valued at about $267,000.

Franklin International Low Volatility High Dividend Index ETF Price Performance

Franklin International Low Volatility High Dividend Index ETF stock opened at $42.86 on Friday. The firm has a 50 day simple moving average of $41.60 and a 200-day simple moving average of $40.84. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 11.36 and a beta of 0.45. Franklin International Low Volatility High Dividend Index ETF has a 1-year low of $34.25 and a 1-year high of $43.13.

Franklin International Low Volatility High Dividend Index ETF Company Profile

The Franklin International Low Volatility High Dividend Index ETF (LVHI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an all-cap index of developed ex-US stocks, selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHI was launched on Jul 27, 2016 and is managed by Franklin Templeton.