Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Short Interest Up 310.2% in June

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 203,547 shares, an increase of 310.2% from the June 15th total of 49,618 shares. Based on an average daily trading volume, of 79,695 shares, the short-interest ratio is presently 2.6 days. Approximately 1.5% of the shares of the company are short sold.

Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF

Several hedge funds have recently made changes to their positions in LVHD. Bank of New York Mellon Corp bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter worth $291,000. Farther Finance Advisors LLC lifted its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after buying an additional 9,668 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the first quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock valued at $1,428,000 after buying an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the second quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after buying an additional 26,641 shares during the last quarter.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.4%

LVHD traded up $0.20 on Monday, hitting $44.75. 34,416 shares of the company’s stock were exchanged, compared to its average volume of 59,191. The firm has a market cap of $624.26 million, a PE ratio of 16.71 and a beta of 0.58. Franklin U.S. Low Volatility High Dividend Index ETF has a twelve month low of $39.46 and a twelve month high of $45.63. The stock has a fifty day moving average of $43.31 and a two-hundred day moving average of $42.76.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.3228 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.29 annualized dividend and a dividend yield of 2.9%.

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. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.