Short Interest in Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Rises By 664.4%

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 19,860 shares, a growth of 664.4% from the May 14th total of 2,598 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 8,401 shares, the days-to-cover ratio is presently 2.4 days.

Franklin U.S. Dividend Multiplier Index ETF Trading Up 1.8%

XUDV opened at $31.85 on Friday. The stock has a market capitalization of $66.89 million, a PE ratio of 14.08 and a beta of 0.56. Franklin U.S. Dividend Multiplier Index ETF has a 1-year low of $24.74 and a 1-year high of $31.92. The firm has a 50-day moving average price of $30.13 and a two-hundred day moving average price of $28.61.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Franklin Resources Inc. bought a new position in shares of Franklin U.S. Dividend Multiplier Index ETF in the 4th quarter valued at about $15,625,000. Envestnet Asset Management Inc. boosted its stake in Franklin U.S. Dividend Multiplier Index ETF by 2.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 205,325 shares of the company’s stock worth $5,486,000 after acquiring an additional 5,438 shares during the last quarter. Cetera Investment Advisers boosted its stake in Franklin U.S. Dividend Multiplier Index ETF by 1.0% during the 4th quarter. Cetera Investment Advisers now owns 173,032 shares of the company’s stock worth $4,582,000 after acquiring an additional 1,769 shares during the last quarter. Invested Advisors bought a new position in Franklin U.S. Dividend Multiplier Index ETF during the 4th quarter worth approximately $556,000. Finally, Ameritas Advisory Services LLC bought a new position in Franklin U.S. Dividend Multiplier Index ETF in the fourth quarter valued at approximately $294,000.

About Franklin U.S. Dividend Multiplier Index ETF

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.