Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Short Interest Down 81.7% in May

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 5,064 shares, a drop of 81.7% from the May 14th total of 27,704 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 12,712 shares, the days-to-cover ratio is presently 0.4 days.

Franklin ClearBridge Enhanced Income ETF Price Performance

NASDAQ YLDE opened at $55.36 on Wednesday. The business has a fifty day moving average price of $55.24 and a two-hundred day moving average price of $55.20. Franklin ClearBridge Enhanced Income ETF has a fifty-two week low of $49.40 and a fifty-two week high of $58.77. The stock has a market capitalization of $152.24 million, a PE ratio of 21.02 and a beta of 0.77.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.3118 per share. This is an increase from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

Institutional Trading of Franklin ClearBridge Enhanced Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Arkadios Wealth Advisors acquired a new stake in Franklin ClearBridge Enhanced Income ETF in the first quarter valued at about $1,243,000. PNC Financial Services Group Inc. raised its stake in Franklin ClearBridge Enhanced Income ETF by 7.7% during the first quarter. PNC Financial Services Group Inc. now owns 17,731 shares of the company’s stock worth $957,000 after acquiring an additional 1,261 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Franklin ClearBridge Enhanced Income ETF by 12.7% in the fourth quarter. Advisory Services Network LLC now owns 8,309 shares of the company’s stock worth $450,000 after acquiring an additional 938 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Franklin ClearBridge Enhanced Income ETF by 9.1% in the fourth quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock worth $781,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Franklin ClearBridge Enhanced Income ETF by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,727 shares of the company’s stock valued at $527,000 after purchasing an additional 245 shares in the last quarter.

About Franklin ClearBridge Enhanced Income ETF

The ClearBridge Dividend Strategy ESG ETF (YLDE) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund is an actively managed fund that seeks income, growth of income, and long-term capital appreciation. The fund focuses on global large-cap stocks with attractive dividends and positive ESG attributes. YLDE was launched on May 22, 2017 and is managed by Franklin Templeton.