Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Short Interest Up 71.3% in March

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 16,197 shares, a growth of 71.3% from the March 15th total of 9,456 shares. Based on an average daily trading volume, of 11,899 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the shares of the stock are sold short.

Franklin ClearBridge Enhanced Income ETF Stock Performance

Shares of YLDE stock opened at $55.41 on Wednesday. Franklin ClearBridge Enhanced Income ETF has a 52-week low of $48.67 and a 52-week high of $58.77. The firm has a market capitalization of $149.61 million, a PE ratio of 21.02 and a beta of 0.82. The stock has a fifty day simple moving average of $55.56 and a two-hundred day simple moving average of $54.75.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were paid a $0.2986 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Wednesday, April 1st. This is a boost from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.28.

Institutional Investors Weigh In On Franklin ClearBridge Enhanced Income ETF

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in Franklin ClearBridge Enhanced Income ETF by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,470 shares of the company’s stock worth $892,000 after buying an additional 247 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Franklin ClearBridge Enhanced Income ETF by 9.1% in the 4th quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock worth $781,000 after buying an additional 1,200 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Franklin ClearBridge Enhanced Income ETF by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,727 shares of the company’s stock worth $527,000 after buying an additional 245 shares in the last quarter. Advisory Services Network LLC increased its stake in Franklin ClearBridge Enhanced Income ETF by 12.7% in the 4th quarter. Advisory Services Network LLC now owns 8,309 shares of the company’s stock worth $450,000 after buying an additional 938 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in Franklin ClearBridge Enhanced Income ETF by 7.3% in the 4th quarter. TD Private Client Wealth LLC now owns 12,406 shares of the company’s stock worth $672,000 after buying an additional 841 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.