Short Interest in Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Expands By 230.3%

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 20,532 shares, an increase of 230.3% from the June 15th total of 6,217 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 12,261 shares, the days-to-cover ratio is currently 1.7 days.

Franklin ClearBridge Enhanced Income ETF Trading Up 0.2%

Shares of NASDAQ YLDE opened at $56.84 on Tuesday. The firm has a market capitalization of $164.84 million, a P/E ratio of 21.02 and a beta of 0.77. The firm’s 50-day moving average price is $55.65 and its 200-day moving average price is $55.49. Franklin ClearBridge Enhanced Income ETF has a 1-year low of $49.40 and a 1-year high of $58.77.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.3162 dividend. The ex-dividend date was Wednesday, July 1st. This is an increase from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.31. This represents a c) annualized dividend and a yield of 6.7%.

Hedge Funds Weigh In On Franklin ClearBridge Enhanced Income ETF

A number of institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors acquired a new stake in Franklin ClearBridge Enhanced Income ETF in the 1st quarter valued at $1,243,000. PNC Financial Services Group Inc. lifted its stake in shares of Franklin ClearBridge Enhanced Income ETF by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 17,731 shares of the company’s stock valued at $957,000 after buying an additional 1,261 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Franklin ClearBridge Enhanced Income ETF by 12.7% during the fourth quarter. Advisory Services Network LLC now owns 8,309 shares of the company’s stock valued at $450,000 after buying an additional 938 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Franklin ClearBridge Enhanced Income ETF by 9.1% during the fourth quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock worth $781,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Franklin ClearBridge Enhanced Income ETF by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,727 shares of the company’s stock worth $527,000 after acquiring an additional 245 shares in the last quarter.

Franklin ClearBridge Enhanced Income ETF Company Profile

The ClearBridge Dividend Strategy ESG ETF (YLDE) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund is an actively managed fund that seeks income, growth of income, and long-term capital appreciation. The fund focuses on global large-cap stocks with attractive dividends and positive ESG attributes. YLDE was launched on May 22, 2017 and is managed by Franklin Templeton.