Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Short Interest Down 46.8% in July

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 14,069 shares, a decline of 46.8% from the July 15th total of 26,449 shares. Based on an average daily volume of 12,092 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors purchased a new stake in Franklin ClearBridge Enhanced Income ETF in the first quarter valued at $1,243,000. Golden State Wealth Management LLC raised its stake in shares of Franklin ClearBridge Enhanced Income ETF by 9.1% during the 4th quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock valued at $781,000 after buying an additional 1,200 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of 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 buying an additional 245 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Franklin ClearBridge Enhanced Income ETF by 7.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,731 shares of the company’s stock valued at $957,000 after buying an additional 1,261 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of Franklin ClearBridge Enhanced Income ETF by 12.7% in the fourth quarter. Advisory Services Network LLC now owns 8,309 shares of the company’s stock worth $450,000 after buying an additional 938 shares during the last quarter.

Franklin ClearBridge Enhanced Income ETF Trading Down 0.1%

Shares of NASDAQ:YLDE opened at $57.75 on Friday. Franklin ClearBridge Enhanced Income ETF has a twelve month low of $49.40 and a twelve month high of $58.77. The company has a market cap of $170.36 million, a PE ratio of 21.02 and a beta of 0.77. The company’s 50 day moving average is $56.50 and its 200 day moving average is $55.89.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.6397 dividend. The ex-dividend date was Monday, August 3rd. This is an increase from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%.

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.