Legg Mason Low Volatility High Dividend ETF (NASDAQ:LVHD) Short Interest Up 429.2% in May

Legg Mason Low Volatility High Dividend ETF (NASDAQ:LVHDGet Rating) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 88,900 shares, a growth of 429.2% from the May 15th total of 16,800 shares. Based on an average daily volume of 124,500 shares, the short-interest ratio is currently 0.7 days.

Several institutional investors have recently made changes to their positions in LVHD. Moors & Cabot Inc. purchased a new position in shares of Legg Mason Low Volatility High Dividend ETF in the third quarter valued at about $30,000. Investors Research Corp lifted its position in shares of Legg Mason Low Volatility High Dividend ETF by 30.4% in the fourth quarter. Investors Research Corp now owns 2,742 shares of the company’s stock valued at $110,000 after acquiring an additional 640 shares in the last quarter. Good Life Advisors LLC purchased a new position in shares of Legg Mason Low Volatility High Dividend ETF in the first quarter valued at about $208,000. Element Wealth LLC purchased a new position in shares of Legg Mason Low Volatility High Dividend ETF in the fourth quarter valued at about $214,000. Finally, Cetera Investment Advisers purchased a new position in shares of Legg Mason Low Volatility High Dividend ETF in the fourth quarter valued at about $272,000.

NASDAQ:LVHD opened at $37.93 on Friday. The stock has a 50-day simple moving average of $39.42 and a two-hundred day simple moving average of $39.08. Legg Mason Low Volatility High Dividend ETF has a 52-week low of $35.88 and a 52-week high of $41.41.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 10th. Stockholders of record on Friday, May 6th were given a $0.263 dividend. This represents a $1.05 annualized dividend and a dividend yield of 2.77%. This is an increase from Legg Mason Low Volatility High Dividend ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, May 5th.

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