Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Sees Significant Increase in Short Interest

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. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 8,401 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its position 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 valued at $4,582,000 after acquiring an additional 1,769 shares during the period. Franklin Resources Inc. purchased a new position in Franklin U.S. Dividend Multiplier Index ETF during the 4th quarter valued at about $15,625,000. Ameritas Advisory Services LLC purchased a new position in Franklin U.S. Dividend Multiplier Index ETF during the 4th quarter valued at about $294,000. Invested Advisors purchased a new position in Franklin U.S. Dividend Multiplier Index ETF during the 4th quarter valued at about $556,000. Finally, Envestnet Asset Management Inc. lifted its position 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 valued at $5,486,000 after acquiring an additional 5,438 shares during the period.

Franklin U.S. Dividend Multiplier Index ETF Stock Up 0.0%

Shares of XUDV traded up $0.01 during trading hours on Wednesday, reaching $31.30. 3,803 shares of the company traded hands, compared to its average volume of 5,288. The company’s fifty day moving average price is $29.98 and its two-hundred day moving average price is $28.53. The company has a market capitalization of $65.73 million, a price-to-earnings ratio of 14.08 and a beta of 0.56. Franklin U.S. Dividend Multiplier Index ETF has a 12 month low of $24.74 and a 12 month high of $31.92.

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.