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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 20,430 shares, a decrease of 76.9% from the September 15th total of 88,307 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 73,459 shares, the days-to-cover ratio is presently 0.3 days.

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

A hedge fund recently bought a new stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Bank of New York Mellon Corp acquired a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,828 shares of the company’s stock, valued at approximately $291,000.

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

Franklin U.S. Low Volatility High Dividend Index ETF stock opened at $42.08 on Friday. The firm has a market cap of $593.33 million, a price-to-earnings ratio of 16.71 and a beta of 0.57. Franklin U.S. Low Volatility High Dividend Index ETF has a 52-week low of $39.46 and a 52-week high of $46.49. The firm has a 50 day moving average price of $43.45 and a two-hundred day moving average price of $43.42.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Thursday, August 6th were given a dividend of $0.3830 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.53 annualized dividend and a dividend yield of 3.6%.

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.