Short Interest in Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Increases By 230.3%

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 20,532 shares, a growth of 230.3% from the June 15th total of 6,217 shares. Based on an average daily trading volume, of 12,261 shares, the short-interest ratio is currently 1.7 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Advisory Services Network LLC grew its stake in Franklin ClearBridge Enhanced Income ETF by 12.7% during the 4th quarter. Advisory Services Network LLC now owns 8,309 shares of the company’s stock valued at $450,000 after purchasing an additional 938 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Franklin ClearBridge Enhanced Income ETF by 20.0% during the 4th quarter. D.A. Davidson & CO. now owns 9,198 shares of the company’s stock worth $498,000 after purchasing an additional 1,530 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of 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 purchasing an additional 245 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Franklin ClearBridge Enhanced Income ETF by 7.3% in the 4th quarter. TD Private Client Wealth LLC now owns 12,406 shares of the company’s stock valued at $672,000 after purchasing an additional 841 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in shares of Franklin ClearBridge Enhanced Income ETF by 9.1% during the 4th quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock valued at $781,000 after buying an additional 1,200 shares during the last quarter.

Franklin ClearBridge Enhanced Income ETF Price Performance

Shares of YLDE stock opened at $56.72 on Wednesday. The company’s fifty day moving average price is $55.68 and its two-hundred day moving average price is $55.50. The firm has a market capitalization of $164.49 million, a P/E ratio of 21.02 and a beta of 0.77. Franklin ClearBridge Enhanced Income ETF has a 12 month low of $49.40 and a 12 month high of $58.77.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.3162 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This is a positive change from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.31. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

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.