Short Interest in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Increases By 29.2%

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHDGet Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 6,200 shares, a growth of 29.2% from the September 30th total of 4,800 shares. Based on an average trading volume of 57,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors lifted its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHDFree Report) by 23.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,398 shares of the company’s stock after buying an additional 1,802 shares during the quarter. Arkadios Wealth Advisors owned approximately 0.07% of Franklin U.S. Low Volatility High Dividend Index ETF worth $383,000 at the end of the most recent quarter.

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

Shares of Franklin U.S. Low Volatility High Dividend Index ETF stock opened at $40.07 on Monday. The stock has a market cap of $579.01 million, a P/E ratio of 16.41 and a beta of 0.76. The stock’s fifty day moving average is $40.22 and its 200 day moving average is $37.80. Franklin U.S. Low Volatility High Dividend Index ETF has a one year low of $32.58 and a one year high of $41.29.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Thursday, August 8th were paid a $0.377 dividend. This represents a $1.51 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Thursday, August 8th.

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

(Get Free Report)

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.

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