Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Significant Growth in Short Interest

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 203,547 shares, a growth of 310.2% from the June 15th total of 49,618 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 79,695 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LVHD. Bank of New York Mellon Corp purchased a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter valued at $291,000. Farther Finance Advisors LLC boosted its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after purchasing an additional 9,668 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of 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 valued at $1,428,000 after purchasing an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in 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 worth $1,886,000 after purchasing an additional 26,641 shares during the period.

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

NASDAQ:LVHD traded up $0.20 during mid-day trading on Monday, hitting $44.75. The stock had a trading volume of 34,416 shares, compared to its average volume of 59,191. Franklin U.S. Low Volatility High Dividend Index ETF has a twelve month low of $39.46 and a twelve month high of $45.63. The company’s 50 day simple moving average is $43.31 and its 200 day simple moving average is $42.76. The stock has a market cap of $624.26 million, a price-to-earnings ratio of 16.71 and a beta of 0.58.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, May 7th were given a dividend of $0.3228 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.29 annualized dividend and a dividend yield of 2.9%.

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.