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

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 14,069 shares, a decrease of 46.8% from the July 15th total of 26,449 shares. Based on an average trading volume of 12,092 shares, the short-interest ratio is currently 1.2 days. Currently, 0.5% of the company’s shares are short sold.

Franklin ClearBridge Enhanced Income ETF Price Performance

NASDAQ YLDE opened at $57.75 on Monday. The company has a market cap of $170.36 million, a P/E ratio of 21.02 and a beta of 0.77. The stock has a 50-day moving average of $56.50 and a two-hundred day moving average of $55.89. Franklin ClearBridge Enhanced Income ETF has a 1-year low of $49.40 and a 1-year high of $58.77.

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 of this dividend was Monday, August 3rd. This is a positive change from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 13.3%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Arkadios Wealth Advisors acquired a new stake in Franklin ClearBridge Enhanced Income ETF during the 1st quarter worth approximately $1,243,000. PNC Financial Services Group Inc. grew its stake in shares of Franklin ClearBridge Enhanced Income ETF by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 17,731 shares of the company’s stock worth $957,000 after acquiring an additional 1,261 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Franklin ClearBridge Enhanced Income ETF by 9.1% in the fourth quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock worth $781,000 after acquiring an additional 1,200 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Franklin ClearBridge Enhanced Income ETF by 7.3% in the fourth quarter. TD Private Client Wealth LLC now owns 12,406 shares of the company’s stock worth $672,000 after acquiring an additional 841 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of 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 period.

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.