Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Short Interest Down 42.7% in May

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 41,319 shares, a decline of 42.7% from the May 14th total of 72,136 shares. Based on an average daily volume of 36,919 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the shares of the company are short sold.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.4%

Franklin U.S. Low Volatility High Dividend Index ETF stock traded up $0.17 during midday trading on Tuesday, reaching $43.75. 51,372 shares of the stock traded hands, compared to its average volume of 54,573. The firm has a fifty day moving average price of $42.84 and a two-hundred day moving average price of $42.25. The firm has a market cap of $623.44 million, a price-to-earnings ratio of 16.71 and a beta of 0.58. Franklin U.S. Low Volatility High Dividend Index ETF has a fifty-two week low of $39.31 and a fifty-two week high of $44.76.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.3228 per share. This represents a $1.29 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, May 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter valued at about $291,000. Farther Finance Advisors LLC boosted its position in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after acquiring an additional 9,668 shares during the period. Arkadios Wealth Advisors boosted its position in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the 1st quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after acquiring an additional 20,981 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock worth $1,886,000 after acquiring an additional 26,641 shares during the period.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

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.