Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 15,196 shares, a growth of 170.8% from the June 15th total of 5,612 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 10,851 shares, the short-interest ratio is currently 1.4 days.
Franklin U.S. Dividend Multiplier Index ETF Stock Up 0.2%
Franklin U.S. Dividend Multiplier Index ETF stock traded up $0.08 during midday trading on Wednesday, hitting $32.20. 4,170 shares of the stock were exchanged, compared to its average volume of 7,573. The company has a fifty day simple moving average of $31.35 and a two-hundred day simple moving average of $29.42. Franklin U.S. Dividend Multiplier Index ETF has a 52 week low of $25.30 and a 52 week high of $32.57. The stock has a market capitalization of $75.67 million, a PE ratio of 14.08 and a beta of 0.57.
Hedge Funds Weigh In On Franklin U.S. Dividend Multiplier Index ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF in the 4th quarter valued at $294,000. Invested Advisors bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF in the fourth quarter worth about $556,000. Cetera Investment Advisers raised its position in shares of Franklin U.S. Dividend Multiplier Index ETF by 1.0% during the fourth quarter. Cetera Investment Advisers now owns 173,032 shares of the company’s stock worth $4,582,000 after purchasing an additional 1,769 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the fourth quarter worth about $15,625,000.
Franklin U.S. Dividend Multiplier Index ETF Company Profile
The Franklin U.S. Dividend Multiplier Index ETF (XUDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of US large-cap companies that employs an optimizer aimed to deliver high dividend yield balanced against volatility. XUDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.
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