Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Short Interest Down 81.7% in May

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,064 shares, a drop of 81.7% from the May 14th total of 27,704 shares. Based on an average daily volume of 12,712 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Franklin ClearBridge Enhanced Income ETF

Several large investors have recently modified their holdings of YLDE. Arkadios Wealth Advisors bought a new position in shares of Franklin ClearBridge Enhanced Income ETF in the first quarter worth $1,243,000. PNC Financial Services Group Inc. lifted its position in Franklin ClearBridge Enhanced Income ETF by 7.7% during the first quarter. PNC Financial Services Group Inc. now owns 17,731 shares of the company’s stock worth $957,000 after purchasing an additional 1,261 shares during the period. Advisory Services Network LLC grew its stake in Franklin ClearBridge Enhanced Income ETF by 12.7% during the fourth quarter. Advisory Services Network LLC now owns 8,309 shares of the company’s stock worth $450,000 after buying an additional 938 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Franklin ClearBridge Enhanced Income ETF by 9.1% during the fourth quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock worth $781,000 after buying an additional 1,200 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Franklin ClearBridge Enhanced Income ETF by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,727 shares of the company’s stock valued at $527,000 after buying an additional 245 shares during the period.

Franklin ClearBridge Enhanced Income ETF Trading Up 1.0%

Shares of YLDE stock opened at $55.36 on Wednesday. The stock has a market cap of $152.24 million, a P/E ratio of 21.02 and a beta of 0.77. Franklin ClearBridge Enhanced Income ETF has a 1 year low of $49.40 and a 1 year high of $58.77. The stock has a 50 day simple moving average of $55.24 and a 200 day simple moving average of $55.20.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.3118 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 6.8%. This is a boost from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.31.

Franklin ClearBridge Enhanced Income ETF Company Profile

The ClearBridge Dividend Strategy ESG ETF (YLDE) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund is an actively managed fund that seeks income, growth of income, and long-term capital appreciation. The fund focuses on global large-cap stocks with attractive dividends and positive ESG attributes. YLDE was launched on May 22, 2017 and is managed by Franklin Templeton.