Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Sees Significant Increase in Short Interest

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 19,860 shares, an increase of 664.4% from the May 14th total of 2,598 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 8,401 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Trading of Franklin U.S. Dividend Multiplier Index ETF

Institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the 4th quarter valued at $294,000. Invested Advisors bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the 4th quarter valued at $556,000. Cetera Investment Advisers lifted its position in shares of Franklin U.S. Dividend Multiplier Index ETF by 1.0% during the 4th quarter. Cetera Investment Advisers now owns 173,032 shares of the company’s stock valued at $4,582,000 after acquiring an additional 1,769 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Franklin U.S. Dividend Multiplier Index ETF by 2.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 205,325 shares of the company’s stock valued at $5,486,000 after acquiring an additional 5,438 shares during the period. Finally, Franklin Resources Inc. bought a new stake in shares of Franklin U.S. Dividend Multiplier Index ETF during the 4th quarter valued at $15,625,000.

Franklin U.S. Dividend Multiplier Index ETF Stock Up 1.8%

Shares of NYSEARCA:XUDV traded up $0.55 during trading on Thursday, reaching $31.85. 2,478 shares of the company traded hands, compared to its average volume of 5,263. The company’s 50 day moving average is $30.05 and its two-hundred day moving average is $28.57. The firm has a market capitalization of $66.89 million, a PE ratio of 14.08 and a beta of 0.56. Franklin U.S. Dividend Multiplier Index ETF has a 52 week low of $24.74 and a 52 week high of $31.92.

Franklin U.S. Dividend Multiplier Index ETF Company Profile

The Franklin U.S. Dividend Multiplier Index ETF (XUDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of US large-cap companies that employs an optimizer aimed to deliver high dividend yield balanced against volatility. XUDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.