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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 22,000 shares, a decrease of 21.1% from the December 31st total of 27,900 shares. Based on an average daily volume of 54,700 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds 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 position in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) by 23.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,398 shares of the company’s stock after acquiring an additional 1,802 shares during the quarter. Arkadios Wealth Advisors owned 0.07% of Franklin U.S. Low Volatility High Dividend Index ETF worth $383,000 at the end of the most recent reporting period.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Down 0.5 %

LVHD traded down $0.19 during trading hours on Friday, hitting $38.95. 21,261 shares of the company’s stock were exchanged, compared to its average volume of 84,628. The stock has a market cap of $519.98 million, a price-to-earnings ratio of 16.41 and a beta of 0.76. The stock’s 50-day moving average is $39.18 and its two-hundred day moving average is $39.50. Franklin U.S. Low Volatility High Dividend Index ETF has a 1-year low of $34.24 and a 1-year high of $41.47.

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

The firm also recently declared a dividend, which was paid on Monday, January 6th. Investors of record on Tuesday, December 31st were given a dividend of $0.3456 per share. The ex-dividend date was Tuesday, December 31st.

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.