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

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) was the recipient of a large drop in short interest in 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. Based on an average daily volume of 13,453 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 13,453 shares, the short-interest ratio is presently 0.2 days.

Franklin U.S. Dividend Multiplier Index ETF Stock Performance

Franklin U.S. Dividend Multiplier Index ETF stock opened at $27.87 on Friday. Franklin U.S. Dividend Multiplier Index ETF has a fifty-two week low of $21.47 and a fifty-two week high of $27.97. The stock has a market cap of $57.13 million, a P/E ratio of 14.08 and a beta of -1.16. The firm’s fifty day moving average price is $26.71 and its 200-day moving average price is $26.45.

Institutional Trading of Franklin U.S. Dividend Multiplier Index ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the 2nd quarter valued at about $4,247,000. Envestnet Asset Management Inc. purchased a new stake in Franklin U.S. Dividend Multiplier Index ETF in the second quarter valued at approximately $5,094,000. Finally, Assetmark Inc. purchased a new stake in Franklin U.S. Dividend Multiplier Index ETF in the second quarter valued at approximately $20,948,000.

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.