Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Large Growth in Short Interest

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 203,547 shares, an increase of 310.2% from the June 15th total of 49,618 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 79,695 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter worth approximately $291,000. Farther Finance Advisors LLC raised 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 in the last quarter. Arkadios Wealth Advisors boosted its position in 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 worth $1,428,000 after acquiring an additional 20,981 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the second 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 in the last quarter.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.4%

Franklin U.S. Low Volatility High Dividend Index ETF stock traded up $0.20 during midday trading on Monday, reaching $44.75. 34,416 shares of the stock traded hands, compared to its average volume of 59,191. The firm has a fifty day moving average price of $43.31 and a two-hundred day moving average price of $42.76. The firm has a market cap of $624.26 million, a price-to-earnings ratio of 16.71 and a beta of 0.58. Franklin U.S. Low Volatility High Dividend Index ETF has a fifty-two week low of $39.46 and a fifty-two week high of $45.63.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.3228 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.9%. 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.