Short Interest in Legg Mason Low Volatility High Dividend ETF (NASDAQ:LVHD) Increases By 88.5%

Legg Mason Low Volatility High Dividend ETF (NASDAQ:LVHD – Get Rating) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 29,600 shares, an increase of 88.5% from the April 15th total of 15,700 shares. Based on an average daily volume of 71,100 shares, the days-to-cover ratio is currently 0.4 days.

Shares of LVHD stock opened at $38.72 on Friday. The company’s fifty day simple moving average is $39.33 and its 200-day simple moving average is $38.93. Legg Mason Low Volatility High Dividend ETF has a 12 month low of $35.88 and a 12 month high of $41.41.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 10th. Shareholders of record on Friday, May 6th were given a dividend of $0.263 per share. This is a positive change from Legg Mason Low Volatility High Dividend ETF’s previous quarterly dividend of $0.08. This represents a $1.05 annualized dividend and a yield of 2.72%. The ex-dividend date was Thursday, May 5th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Moors & Cabot Inc. bought a new stake in Legg Mason Low Volatility High Dividend ETF during the third quarter worth $30,000. Investors Research Corp raised its position in Legg Mason Low Volatility High Dividend ETF by 30.4% during the fourth quarter. Investors Research Corp now owns 2,742 shares of the company’s stock worth $110,000 after acquiring an additional 640 shares in the last quarter. Good Life Advisors LLC bought a new stake in Legg Mason Low Volatility High Dividend ETF during the first quarter worth $208,000. Element Wealth LLC bought a new stake in Legg Mason Low Volatility High Dividend ETF during the fourth quarter worth $214,000. Finally, Cetera Investment Advisers bought a new stake in Legg Mason Low Volatility High Dividend ETF during the fourth quarter worth $272,000.

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