Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Large Growth in Short Interest

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 72,136 shares, an increase of 82.6% from the April 30th total of 39,510 shares. Based on an average daily trading volume, of 89,937 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the shares of the company are short sold.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 1.1%

Shares of NASDAQ LVHD opened at $41.95 on Tuesday. The company has a 50 day simple moving average of $42.70 and a two-hundred day simple moving average of $42.03. The stock has a market cap of $597.79 million, a price-to-earnings ratio of 16.71 and a beta of 0.60. Franklin U.S. Low Volatility High Dividend Index ETF has a 12 month low of $39.31 and a 12 month high of $44.76.

Franklin U.S. Low Volatility High Dividend Index ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, May 7th were given a dividend of $0.3228 per share. This represents a $1.29 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, May 7th.

Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Several hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock worth $1,886,000 after purchasing an additional 26,641 shares during the period. Bank of New York Mellon Corp purchased a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the first quarter valued at $291,000. Arkadios Wealth Advisors raised its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the first quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after acquiring an additional 20,981 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after acquiring an additional 9,668 shares during the period.

About Franklin U.S. Low Volatility High Dividend Index ETF

The Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is an exchange-traded fund that is based on the QS Low Volatility High Dividend index. The fund tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.