Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Sees Significant Increase in Short Interest

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 19,860 shares, a growth of 664.4% from the May 14th total of 2,598 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 8,401 shares, the short-interest ratio is presently 2.4 days.

Institutional Investors Weigh In On Franklin U.S. Dividend Multiplier Index ETF

Several institutional investors have recently added to or reduced their stakes in XUDV. Ameritas Advisory Services LLC bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the 4th quarter valued at about $294,000. Invested Advisors bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the 4th quarter valued at about $556,000. Cetera Investment Advisers boosted its stake in shares of Franklin U.S. Dividend Multiplier Index ETF by 1.0% during the 4th quarter. Cetera Investment Advisers now owns 173,032 shares of the company’s stock valued at $4,582,000 after purchasing an additional 1,769 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Franklin U.S. Dividend Multiplier Index ETF by 2.7% during 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. Finally, Franklin Resources Inc. bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the 4th quarter valued at about $15,625,000.

Franklin U.S. Dividend Multiplier Index ETF Price Performance

XUDV traded up $0.01 during trading on Wednesday, hitting $31.30. 3,803 shares of the stock traded hands, compared to its average volume of 5,288. The firm has a market capitalization of $65.73 million, a P/E ratio of 14.08 and a beta of 0.56. The firm has a 50-day moving average of $29.98 and a 200 day moving average of $28.53. Franklin U.S. Dividend Multiplier Index ETF has a 12-month low of $24.74 and a 12-month high of $31.92.

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.