Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Stock Short Interest Rises 476.4%

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 213,565 shares, a growth of 476.4% from the October 15th total of 37,051 shares. Based on an average daily trading volume, of 83,873 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.5% of the shares of the company are sold short.

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

Shares of LVHD stock traded down $0.31 during trading on Wednesday, hitting $45.36. The company had a trading volume of 5,903 shares, compared to its average volume of 59,874. The firm has a market capitalization of $644.11 million, a P/E ratio of 19.57 and a beta of 0.55. The stock’s 50-day moving average price is $43.45 and its 200 day moving average price is $43.50. Franklin U.S. Low Volatility High Dividend Index ETF has a one year low of $39.54 and a one year high of $46.49.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Thursday, November 5th were issued a dividend of $0.3873 per share. This is an increase from Franklin U.S. Low Volatility High Dividend Index ETF’s previous quarterly dividend of $0.3830. The ex-dividend date of this dividend was Thursday, November 5th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.4%.

Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF

A hedge fund recently raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors raised its holdings in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) by 166.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,564 shares of the company’s stock after acquiring an additional 20,981 shares during the period. Arkadios Wealth Advisors owned about 0.24% of Franklin U.S. Low Volatility High Dividend Index ETF worth $1,428,000 at the end of the most recent quarter.

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.