Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Stock Short Interest Rises 168.4%

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,138 shares, a growth of 168.4% from the September 30th total of 424 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 9,527 shares, the short-interest ratio is currently 0.1 days.

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

A hedge fund recently raised its position in Franklin U.S. Dividend Multiplier Index ETF stock. Envestnet Asset Management Inc. raised its holdings in shares of Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) by 19.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,000 shares of the company’s stock after acquiring an additional 39,224 shares during the quarter. Envestnet Asset Management Inc. owned approximately 9.12% of Franklin U.S. Dividend Multiplier Index ETF worth $7,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Franklin U.S. Dividend Multiplier Index ETF Stock Performance

Shares of NYSEARCA XUDV traded down $0.10 during trading hours on Friday, hitting $33.12. The stock had a trading volume of 3,066 shares, compared to its average volume of 8,819. The firm’s 50-day moving average price is $32.66 and its two-hundred day moving average price is $30.82. Franklin U.S. Dividend Multiplier Index ETF has a 52 week low of $25.30 and a 52 week high of $34.03. The company has a market capitalization of $79.49 million, a P/E ratio of 14.08 and a beta of 0.60.

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.