Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Short Interest Update

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 41,319 shares, a decrease of 42.7% from the May 14th total of 72,136 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 36,919 shares, the days-to-cover ratio is presently 1.1 days.

Franklin U.S. Low Volatility High Dividend Index ETF Price Performance

NASDAQ LVHD traded down $0.25 during trading on Monday, reaching $43.58. The company’s stock had a trading volume of 46,379 shares, compared to its average volume of 54,602. The stock has a market capitalization of $621.02 million, a PE ratio of 16.71 and a beta of 0.58. The firm has a fifty day moving average of $42.82 and a 200 day moving average of $42.23. Franklin U.S. Low Volatility High Dividend Index ETF has a one year low of $39.31 and a one year high of $44.76.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were paid a $0.3228 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, May 7th.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

A number of institutional investors have recently added to or reduced their stakes in LVHD. Ameriprise Financial Inc. increased its position 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 valued at $1,886,000 after purchasing an additional 26,641 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after purchasing an additional 9,668 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter valued at about $291,000. Finally, Arkadios Wealth Advisors increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the 1st quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock valued at $1,428,000 after purchasing an additional 20,981 shares during the last quarter.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

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.