Short Interest in Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Decreases By 46.8%

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 14,069 shares, a drop of 46.8% from the July 15th total of 26,449 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 12,092 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of Franklin ClearBridge Enhanced Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. raised its position in shares of Franklin ClearBridge Enhanced Income ETF by 20.0% in the 4th quarter. D.A. Davidson & CO. now owns 9,198 shares of the company’s stock worth $498,000 after acquiring an additional 1,530 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of 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 valued at $672,000 after acquiring an additional 841 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of 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 valued at $892,000 after acquiring an additional 247 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Franklin ClearBridge Enhanced Income ETF by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,727 shares of the company’s stock worth $527,000 after acquiring an additional 245 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in shares of Franklin ClearBridge Enhanced Income ETF by 9.1% in the fourth quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock worth $781,000 after acquiring an additional 1,200 shares during the period.

Franklin ClearBridge Enhanced Income ETF Trading Down 1.0%

YLDE opened at $57.19 on Tuesday. The company has a market capitalization of $168.71 million, a price-to-earnings ratio of 21.02 and a beta of 0.77. Franklin ClearBridge Enhanced Income ETF has a 12-month low of $49.40 and a 12-month high of $58.77. The business’s fifty day simple moving average is $56.55 and its 200-day simple moving average is $55.90.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were given a $0.6397 dividend. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend was Monday, August 3rd. This is a boost from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.32.

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.