Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Short Interest Down 32.4% in December

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 3,257 shares, a drop of 32.4% from the December 15th total of 4,816 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 13,453 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 13,453 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Franklin U.S. Dividend Multiplier Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in Franklin U.S. Dividend Multiplier Index ETF by 2.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 205,325 shares of the company’s stock valued at $5,486,000 after purchasing an additional 5,438 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF in the second quarter worth about $4,247,000. Finally, Assetmark Inc. purchased a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF in the second quarter worth about $20,948,000.

Franklin U.S. Dividend Multiplier Index ETF Trading Down 0.3%

XUDV traded down $0.08 during midday trading on Friday, reaching $27.79. The company’s stock had a trading volume of 3,447 shares, compared to its average volume of 7,168. The stock has a market cap of $56.97 million, a P/E ratio of 14.08 and a beta of -1.16. The company has a fifty day simple moving average of $26.74 and a 200 day simple moving average of $26.47. Franklin U.S. Dividend Multiplier Index ETF has a twelve month low of $21.47 and a twelve month high of $27.97.

Franklin U.S. Dividend Multiplier Index ETF Company Profile

The Franklin U.S. Dividend Multiplier Index ETF (XUDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of US large-cap companies that employs an optimizer aimed to deliver high dividend yield balanced against volatility. XUDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.