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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 72,136 shares, a growth of 82.6% from the April 30th total of 39,510 shares. Based on an average daily volume of 89,937 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter worth approximately $291,000. Farther Finance Advisors LLC raised its holdings in 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 acquiring an additional 9,668 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the 1st quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after acquiring an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings 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 acquiring an additional 26,641 shares during the last quarter.

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

LVHD stock opened at $42.16 on Thursday. The firm has a 50 day moving average price of $42.70 and a 200-day moving average price of $42.06. Franklin U.S. Low Volatility High Dividend Index ETF has a 52-week low of $39.31 and a 52-week high of $44.76. The firm has a market capitalization of $600.78 million, a price-to-earnings ratio of 16.71 and a beta of 0.60.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.3228 per share. This represents a $1.29 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, May 7th.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

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.