Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Stock Short Interest Climbs 476.4%

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 213,565 shares, an increase of 476.4% from the October 15th total of 37,051 shares. Based on an average daily trading volume, of 83,873 shares, the short-interest ratio is currently 2.5 days. Approximately 1.5% of the shares of the stock are short sold.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.5%

Shares of Franklin U.S. Low Volatility High Dividend Index ETF stock traded down $0.22 on Thursday, reaching $45.45. The stock had a trading volume of 48,873 shares, compared to its average volume of 60,338. Franklin U.S. Low Volatility High Dividend Index ETF has a 1 year low of $39.54 and a 1 year high of $46.49. The company has a market cap of $649.93 million, a P/E ratio of 19.57 and a beta of 0.55. The business’s 50 day moving average is $43.51 and its two-hundred day moving average is $43.54.

Franklin U.S. Low Volatility High Dividend Index ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Thursday, November 5th were paid a dividend of $0.3873 per share. This is an increase from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.3830. This represents a $1.55 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, November 5th.

Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF

A hedge fund recently bought a new stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Bank of New York Mellon Corp bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 6,828 shares of the company’s stock, valued at approximately $291,000.

About Franklin U.S. Low Volatility High Dividend Index ETF

The Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is an exchange-traded fund that is based on the QS Low Volatility High Dividend index. The fund tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.