Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Sees Large Increase in Short Interest

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 20,532 shares, a growth of 230.3% from the June 15th total of 6,217 shares. Based on an average daily volume of 12,261 shares, the short-interest ratio is presently 1.7 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings in 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 valued at $450,000 after acquiring an additional 938 shares during the last quarter. D.A. Davidson & CO. increased its stake in Franklin ClearBridge Enhanced Income ETF by 20.0% during the fourth quarter. D.A. Davidson & CO. now owns 9,198 shares of the company’s stock worth $498,000 after acquiring an additional 1,530 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Franklin ClearBridge Enhanced Income ETF by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,727 shares of the company’s stock worth $527,000 after acquiring an additional 245 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of 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 worth $672,000 after purchasing an additional 841 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings in shares of 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 worth $781,000 after purchasing an additional 1,200 shares during the period.

Franklin ClearBridge Enhanced Income ETF Stock Up 0.0%

NASDAQ:YLDE opened at $56.71 on Monday. The company has a market cap of $164.46 million, a P/E ratio of 21.02 and a beta of 0.77. The firm’s 50 day moving average is $55.64 and its two-hundred day moving average is $55.48. Franklin ClearBridge Enhanced Income ETF has a fifty-two week low of $49.40 and a fifty-two week high of $58.77.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.3162 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Wednesday, July 1st. This is a positive change from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.31.

About Franklin ClearBridge Enhanced Income ETF

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.