Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Stock Short Interest Rises 476.4%

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 213,565 shares, an increase of 476.4% from the October 15th total of 37,051 shares. Based on an average daily volume of 83,873 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.5% of the shares of the company are sold short.

Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF

A hedge fund recently bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF stock. Bank of New York Mellon Corp purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,828 shares of the company’s stock, valued at approximately $291,000.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.7%

Shares of NASDAQ:LVHD traded down $0.31 on Wednesday, hitting $45.36. The company had a trading volume of 5,903 shares, compared to its average volume of 59,874. Franklin U.S. Low Volatility High Dividend Index ETF has a 1-year low of $39.54 and a 1-year high of $46.49. The stock has a market cap of $644.11 million, a price-to-earnings ratio of 19.57 and a beta of 0.55. The stock has a 50 day moving average price of $43.45 and a 200 day moving average price of $43.50.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Thursday, November 5th were paid a dividend of $0.3873 per share. The ex-dividend date was Thursday, November 5th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.3830.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

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.