Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 37,051 shares, an increase of 81.4% from the September 30th total of 20,430 shares. Based on an average daily volume of 41,307 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the company are short sold.
Franklin U.S. Low Volatility High Dividend Index ETF Price Performance
Shares of NASDAQ:LVHD opened at $45.74 on Tuesday. The stock has a market cap of $649.51 million, a P/E ratio of 16.71 and a beta of 0.57. The firm has a fifty day moving average price of $43.31 and a 200 day moving average price of $43.37. Franklin U.S. Low Volatility High Dividend Index ETF has a 1-year low of $39.46 and a 1-year high of $46.49.
Franklin U.S. Low Volatility High Dividend Index ETF Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Thursday, August 6th were issued a $0.3830 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, August 6th.
Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF
An institutional investor recently raised its position in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors boosted its stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Free Report) by 166.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,564 shares of the company’s stock after acquiring an additional 20,981 shares during the period. Arkadios Wealth Advisors owned 0.24% of Franklin U.S. Low Volatility High Dividend Index ETF worth $1,428,000 as of its most recent SEC filing.
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.
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