Short Interest in Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Rises By 1,125.3%

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 5,477 shares, an increase of 1,125.3% from the January 15th total of 447 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 7,755 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 7,755 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

Franklin U.S. Dividend Multiplier Index ETF Stock Up 0.6%

XUDV traded up $0.17 during trading on Tuesday, reaching $29.05. 4,989 shares of the company were exchanged, compared to its average volume of 6,718. Franklin U.S. Dividend Multiplier Index ETF has a 12-month low of $21.47 and a 12-month high of $29.15. The company’s 50-day moving average is $27.35 and its two-hundred day moving average is $26.69. The company has a market cap of $59.55 million, a price-to-earnings ratio of 14.08 and a beta of -1.16.

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

Several hedge funds have recently bought and sold shares of the company. Assetmark Inc. bought a new stake in Franklin U.S. Dividend Multiplier Index ETF during the 2nd quarter worth approximately $20,948,000. Envestnet Asset Management Inc. lifted its position in Franklin U.S. Dividend Multiplier Index ETF by 2.7% during the third 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 during the last quarter. Cetera Investment Advisers purchased a new position in Franklin U.S. Dividend Multiplier Index ETF in the second quarter worth $4,247,000. Invested Advisors purchased a new position in shares of Franklin U.S. Dividend Multiplier Index ETF in the 4th quarter worth about $556,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Franklin U.S. Dividend Multiplier Index ETF in the fourth quarter worth approximately $294,000.

About Franklin U.S. Dividend Multiplier Index ETF

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.