Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Short Interest Down 51.4% in July

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 98,909 shares, a drop of 51.4% from the June 30th total of 203,547 shares. Based on an average trading volume of 84,639 shares, the short-interest ratio is currently 1.2 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter valued at $291,000. Farther Finance Advisors LLC increased its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after acquiring an additional 9,668 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the first 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 last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the 2nd 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 during the period.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Performance

Franklin U.S. Low Volatility High Dividend Index ETF stock traded down $0.13 during trading on Wednesday, reaching $45.71. The company had a trading volume of 37,412 shares, compared to its average volume of 58,056. Franklin U.S. Low Volatility High Dividend Index ETF has a 12-month low of $39.46 and a 12-month high of $46.49. The stock’s 50 day moving average price is $43.85 and its two-hundred day moving average price is $43.14. The firm has a market capitalization of $639.94 million, a price-to-earnings ratio of 16.71 and a beta of 0.58.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Thursday, May 7th were paid a dividend of $0.3228 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.29 annualized dividend and a dividend yield of 2.8%.

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.