Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Short Interest Down 71.7% in June

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 5,612 shares, a decrease of 71.7% from the May 31st total of 19,860 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 29,330 shares, the days-to-cover ratio is currently 0.2 days.

Franklin U.S. Dividend Multiplier Index ETF Stock Up 0.2%

XUDV traded up $0.07 during midday trading on Monday, hitting $31.49. The company had a trading volume of 9,800 shares, compared to its average volume of 7,814. The stock’s 50 day moving average price is $30.83 and its 200 day moving average price is $29.01. Franklin U.S. Dividend Multiplier Index ETF has a 52 week low of $25.30 and a 52 week high of $32.57. The company has a market capitalization of $66.13 million, a price-to-earnings ratio of 14.08 and a beta of 0.56.

Institutional Trading of Franklin U.S. Dividend Multiplier Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invested Advisors bought a new position in Franklin U.S. Dividend Multiplier Index ETF in the fourth quarter worth approximately $556,000. Ameritas Advisory Services LLC bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the fourth quarter valued at approximately $294,000. Franklin Resources Inc. acquired a new position in shares of Franklin U.S. Dividend Multiplier Index ETF during the fourth quarter worth approximately $15,625,000. Finally, Cetera Investment Advisers raised its position in shares of Franklin U.S. Dividend Multiplier Index ETF by 1.0% during the fourth quarter. Cetera Investment Advisers now owns 173,032 shares of the company’s stock worth $4,582,000 after purchasing an additional 1,769 shares during the period.

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.