Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) Short Interest Down 55.5% in May

Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 376,530 shares, a decline of 55.5% from the April 30th total of 846,508 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 740,253 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors lifted its stake in Franklin International Low Volatility High Dividend Index ETF by 74.0% in the 1st quarter. Arkadios Wealth Advisors now owns 52,179 shares of the company’s stock valued at $2,115,000 after buying an additional 22,187 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Franklin International Low Volatility High Dividend Index ETF by 39.5% during the 1st quarter. Sunbelt Securities Inc. now owns 14,725 shares of the company’s stock valued at $597,000 after acquiring an additional 4,166 shares in the last quarter. Parallel Advisors LLC grew its stake in Franklin International Low Volatility High Dividend Index ETF by 275.5% during the 1st quarter. Parallel Advisors LLC now owns 1,363 shares of the company’s stock valued at $55,000 after acquiring an additional 1,000 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Franklin International Low Volatility High Dividend Index ETF during the 1st quarter valued at about $267,000. Finally, Ethos Financial Group LLC grew its stake in Franklin International Low Volatility High Dividend Index ETF by 27.2% during the 1st quarter. Ethos Financial Group LLC now owns 171,465 shares of the company’s stock valued at $6,951,000 after acquiring an additional 36,685 shares in the last quarter.

Franklin International Low Volatility High Dividend Index ETF Stock Performance

Shares of Franklin International Low Volatility High Dividend Index ETF stock opened at $40.94 on Friday. The firm has a 50-day simple moving average of $40.74 and a two-hundred day simple moving average of $39.04. The company has a market cap of $3.48 billion, a P/E ratio of 11.36 and a beta of 0.45. Franklin International Low Volatility High Dividend Index ETF has a fifty-two week low of $32.16 and a fifty-two week high of $41.74.

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.