Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Short Interest Update

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 98,909 shares, a decline of 51.4% from the June 30th total of 203,547 shares. Based on an average daily volume of 84,639 shares, the short-interest ratio is presently 1.2 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its position in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the second quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock worth $1,886,000 after buying an additional 26,641 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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. Bank of New York Mellon Corp acquired a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the first quarter worth $291,000. Finally, Arkadios Wealth Advisors boosted its position in shares of 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 valued at $1,428,000 after purchasing an additional 20,981 shares during the period.

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

Shares of LVHD stock traded up $0.65 during mid-day trading on Tuesday, hitting $46.02. 24,787 shares of the stock traded hands, compared to its average volume of 57,903. Franklin U.S. Low Volatility High Dividend Index ETF has a twelve month low of $39.46 and a twelve month high of $46.50. The firm has a market cap of $644.28 million, a price-to-earnings ratio of 16.71 and a beta of 0.58. The company’s 50-day simple moving average is $43.79 and its 200-day simple moving average is $43.10.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were given a $0.3228 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.29 annualized dividend and a yield of 2.8%.

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.