Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) Sees Significant Growth in Short Interest

Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,577,369 shares, an increase of 187.6% from the July 15th total of 548,544 shares. Based on an average trading volume of 835,202 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.9% of the shares of the stock are short sold.

Franklin International Low Volatility High Dividend Index ETF Trading Down 0.2%

LVHI opened at $42.86 on Friday. The stock has a market capitalization of $3.64 billion, a PE ratio of 11.36 and a beta of 0.45. The firm has a 50-day moving average price of $41.60 and a two-hundred day moving average price of $40.84. Franklin International Low Volatility High Dividend Index ETF has a 1-year low of $34.25 and a 1-year high of $43.13.

Hedge Funds Weigh In On Franklin International Low Volatility High Dividend Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Torren Management LLC bought a new stake in shares of Franklin International Low Volatility High Dividend Index ETF during the 1st quarter valued at $33,000. Parallel Advisors LLC raised its stake in Franklin International Low Volatility High Dividend Index ETF by 275.5% in the first quarter. Parallel Advisors LLC now owns 1,363 shares of the company’s stock valued at $55,000 after purchasing an additional 1,000 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Franklin International Low Volatility High Dividend Index ETF during the first quarter worth about $119,000. IFC & Insurance Marketing Inc. acquired a new stake in Franklin International Low Volatility High Dividend Index ETF during the fourth quarter worth about $238,000. Finally, Bank of New York Mellon Corp acquired a new stake in Franklin International Low Volatility High Dividend Index ETF during the first quarter worth about $267,000.

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.