Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Short Interest Down 51.4% in July

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 98,909 shares, a decline of 51.4% from the June 30th total of 203,547 shares. Based on an average daily trading volume, of 84,639 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LVHD. Ameriprise Financial Inc. increased its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after acquiring an additional 26,641 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the first quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after buying an additional 20,981 shares during the last quarter. Farther Finance Advisors LLC lifted 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. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the first quarter worth about $291,000.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Performance

Franklin U.S. Low Volatility High Dividend Index ETF stock traded down $0.79 during mid-day trading on Thursday, hitting $44.92. The company’s stock had a trading volume of 39,360 shares, compared to its average volume of 57,898. The stock has a market cap of $628.88 million, a PE ratio of 16.71 and a beta of 0.58. Franklin U.S. Low Volatility High Dividend Index ETF has a one year low of $39.46 and a one year high of $46.49. The company has a 50 day moving average of $43.91 and a 200-day moving average of $43.18.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were given a $0.3228 dividend. This represents a $1.29 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, May 7th.

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.