Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Short Interest Update

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 5,064 shares, a decline of 81.7% from the May 14th total of 27,704 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 12,712 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Franklin ClearBridge Enhanced Income ETF

Several institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in Franklin ClearBridge Enhanced Income ETF by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,727 shares of the company’s stock valued at $527,000 after purchasing an additional 245 shares during the period. PNC Financial Services Group Inc. boosted its stake in Franklin ClearBridge Enhanced Income ETF by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,470 shares of the company’s stock valued at $892,000 after purchasing an additional 247 shares during the period. TD Private Client Wealth LLC boosted its stake in Franklin ClearBridge Enhanced Income ETF by 7.3% in the 4th quarter. TD Private Client Wealth LLC now owns 12,406 shares of the company’s stock valued at $672,000 after purchasing an additional 841 shares during the period. Advisory Services Network LLC boosted its stake in Franklin ClearBridge Enhanced Income ETF by 12.7% in the 4th quarter. Advisory Services Network LLC now owns 8,309 shares of the company’s stock valued at $450,000 after purchasing an additional 938 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in Franklin ClearBridge Enhanced Income ETF by 9.1% in the 4th quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock valued at $781,000 after purchasing an additional 1,200 shares during the period.

Franklin ClearBridge Enhanced Income ETF Stock Up 0.8%

Shares of YLDE stock traded up $0.42 during trading on Friday, reaching $55.86. 7,920 shares of the company’s stock were exchanged, compared to its average volume of 21,477. The stock has a market capitalization of $153.62 million, a PE ratio of 21.02 and a beta of 0.77. Franklin ClearBridge Enhanced Income ETF has a twelve month low of $49.40 and a twelve month high of $58.77. The firm’s fifty day moving average price is $55.30 and its 200-day moving average price is $55.23.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.3118 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.31.

Franklin ClearBridge Enhanced Income ETF Company Profile

The ClearBridge Dividend Strategy ESG ETF (YLDE) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund is an actively managed fund that seeks income, growth of income, and long-term capital appreciation. The fund focuses on global large-cap stocks with attractive dividends and positive ESG attributes. YLDE was launched on May 22, 2017 and is managed by Franklin Templeton.