Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 5,612 shares, a drop 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 daily trading volume, of 29,330 shares, the short-interest ratio is currently 0.2 days.
Institutional Trading of Franklin U.S. Dividend Multiplier Index ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its holdings 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. Franklin Resources Inc. acquired a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF in the 4th quarter worth $15,625,000. Ameritas Advisory Services LLC acquired a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF in the 4th quarter worth $294,000. Finally, Invested Advisors purchased a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF in the fourth quarter valued at about $556,000.
Franklin U.S. Dividend Multiplier Index ETF Stock Performance
Shares of XUDV stock traded down $0.28 during mid-day trading on Friday, hitting $31.42. 7,218 shares of the stock were exchanged, compared to its average volume of 7,798. The stock has a market capitalization of $65.98 million, a price-to-earnings ratio of 14.08 and a beta of 0.56. Franklin U.S. Dividend Multiplier Index ETF has a 12-month low of $25.30 and a 12-month high of $32.57. The stock’s fifty day simple moving average is $30.83 and its two-hundred day simple moving average is $29.00.
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.
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