Short Interest in Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Expands By 99.5%

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 4,816 shares, an increase of 99.5% from the November 30th total of 2,414 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,929 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 2,929 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.2% of the company’s shares are sold short.

Franklin U.S. Dividend Multiplier Index ETF Stock Performance

Shares of NYSEARCA:XUDV traded down $0.10 during midday trading on Friday, hitting $26.75. 7,311 shares of the company’s stock traded hands, compared to its average volume of 407. The firm’s fifty day moving average price is $26.46 and its two-hundred day moving average price is $26.27. Franklin U.S. Dividend Multiplier Index ETF has a twelve month low of $21.47 and a twelve month high of $27.31. The company has a market cap of $53.50 million, a PE ratio of 14.08 and a beta of -1.16.

Institutional Investors Weigh In On Franklin U.S. Dividend Multiplier Index ETF

Large investors have recently modified their holdings of the stock. Assetmark Inc. acquired a new position in Franklin U.S. Dividend Multiplier Index ETF during the 2nd quarter worth $20,948,000. Envestnet Asset Management Inc. acquired a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF in the 2nd quarter valued at about $5,094,000. Finally, Cetera Investment Advisers bought a new position in shares of Franklin U.S. Dividend Multiplier Index ETF during the second quarter worth about $4,247,000.

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.