Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Stock Short Interest Rises 168.4%

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,138 shares, an increase of 168.4% from the September 30th total of 424 shares. Based on an average daily volume of 9,527 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

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

A hedge fund recently raised its position in Franklin U.S. Dividend Multiplier Index ETF stock. Envestnet Asset Management Inc. raised its position in Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) by 19.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 237,000 shares of the company’s stock after acquiring an additional 39,224 shares during the period. Envestnet Asset Management Inc. owned approximately 9.12% of Franklin U.S. Dividend Multiplier Index ETF worth $7,425,000 at the end of the most recent reporting period.

Franklin U.S. Dividend Multiplier Index ETF Price Performance

Shares of NYSEARCA:XUDV opened at $33.12 on Friday. The stock has a market cap of $79.49 million, a P/E ratio of 14.08 and a beta of 0.60. The firm has a fifty day moving average price of $32.65 and a 200 day moving average price of $30.84. Franklin U.S. Dividend Multiplier Index ETF has a 1-year low of $25.30 and a 1-year high of $34.03.

Franklin U.S. Dividend Multiplier Index ETF Company Profile

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.