Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Stock Short Interest Falls 76.9%

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 20,430 shares, a decrease of 76.9% from the September 15th total of 88,307 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 73,459 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

A hedge fund recently raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) by 166.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,564 shares of the company’s stock after buying an additional 20,981 shares during the period. Arkadios Wealth Advisors owned about 0.24% of Franklin U.S. Low Volatility High Dividend Index ETF worth $1,428,000 at the end of the most recent reporting period.

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

Shares of LVHD traded down $0.00 during mid-day trading on Tuesday, hitting $42.46. 7,773 shares of the company’s stock were exchanged, compared to its average volume of 57,283. The stock’s 50-day moving average is $43.41 and its 200-day moving average is $43.43. Franklin U.S. Low Volatility High Dividend Index ETF has a fifty-two week low of $39.46 and a fifty-two week high of $46.49. The company has a market cap of $598.63 million, a price-to-earnings ratio of 16.71 and a beta of 0.57.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Thursday, August 6th were given a $0.3830 dividend. This represents a $1.53 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, August 6th.

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.