Short Interest in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Drops By 43.5%

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,500 shares, a decrease of 43.5% from the October 15th total of 6,200 shares. Based on an average daily trading volume, of 48,400 shares, the short-interest ratio is presently 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 grew its holdings in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,398 shares of the company’s stock after purchasing 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 Trading Up 0.2 %

Shares of LVHD traded up $0.08 during mid-day trading on Wednesday, hitting $40.24. 37,668 shares of the company’s stock were exchanged, compared to its average volume of 92,511. Franklin U.S. Low Volatility High Dividend Index ETF has a fifty-two week low of $33.64 and a fifty-two week high of $41.29. The firm has a market capitalization of $581.47 million, a P/E ratio of 16.41 and a beta of 0.76. The business’s 50 day moving average is $40.35 and its two-hundred day moving average is $38.18.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, November 7th were issued a dividend of $0.3701 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.48 annualized dividend and a yield of 3.68%.

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.