Short Interest in Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) Drops By 56.4%

Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 125,044 shares, a drop of 56.4% from the June 15th total of 287,013 shares. Based on an average daily volume of 525,924 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Franklin International Low Volatility High Dividend Index ETF Price Performance

Franklin International Low Volatility High Dividend Index ETF stock opened at $41.52 on Tuesday. The company has a market cap of $3.53 billion, a PE ratio of 11.36 and a beta of 0.45. The company has a fifty day moving average price of $40.92 and a two-hundred day moving average price of $40.00. Franklin International Low Volatility High Dividend Index ETF has a 12 month low of $32.76 and a 12 month high of $41.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in shares of Franklin International Low Volatility High Dividend Index ETF by 275.7% during the 4th quarter. Farther Finance Advisors LLC now owns 36,410 shares of the company’s stock valued at $1,341,000 after buying an additional 26,718 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Franklin International Low Volatility High Dividend Index ETF by 416.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 30,586 shares of the company’s stock worth $1,126,000 after acquiring an additional 24,658 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Franklin International Low Volatility High Dividend Index ETF by 64.2% in the first quarter. Janney Montgomery Scott LLC now owns 437,681 shares of the company’s stock valued at $17,744,000 after acquiring an additional 171,132 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Franklin International Low Volatility High Dividend Index ETF by 296.5% during the third quarter. JPMorgan Chase & Co. now owns 37,602 shares of the company’s stock valued at $1,307,000 after purchasing an additional 28,119 shares during the last quarter. Finally, Nova Wealth Management Inc. grew its holdings in shares of Franklin International Low Volatility High Dividend Index ETF by 64.6% during the fourth quarter. Nova Wealth Management Inc. now owns 53,117 shares of the company’s stock valued at $1,956,000 after purchasing an additional 20,843 shares during the last quarter.

About Franklin International Low Volatility High Dividend Index ETF

The Franklin International Low Volatility High Dividend Index ETF (LVHI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an all-cap index of developed ex-US stocks, selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHI was launched on Jul 27, 2016 and is managed by Franklin Templeton.