Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Sees Large Decline in Short Interest

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 5,064 shares, a decline of 81.7% from the May 14th total of 27,704 shares. Based on an average daily trading volume, of 12,712 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Franklin ClearBridge Enhanced Income ETF Trading Up 0.1%

Shares of Franklin ClearBridge Enhanced Income ETF stock opened at $55.10 on Thursday. The firm has a market cap of $151.53 million, a P/E 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 stock’s fifty day moving average price is $55.28 and its 200-day moving average price is $55.22.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a dividend of $0.3118 per share. This is an increase from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.31. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors purchased a new stake in Franklin ClearBridge Enhanced Income ETF during the 1st quarter worth approximately $1,243,000. D.A. Davidson & CO. lifted its position in shares of Franklin ClearBridge Enhanced Income ETF by 20.0% in the fourth quarter. D.A. Davidson & CO. now owns 9,198 shares of the company’s stock valued at $498,000 after acquiring an additional 1,530 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Franklin ClearBridge Enhanced Income ETF by 7.7% during the first quarter. PNC Financial Services Group Inc. now owns 17,731 shares of the company’s stock worth $957,000 after purchasing an additional 1,261 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Franklin ClearBridge Enhanced Income ETF by 9.1% in the 4th quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock valued at $781,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in Franklin ClearBridge Enhanced Income ETF by 12.7% in the 4th quarter. Advisory Services Network LLC now owns 8,309 shares of the company’s stock valued at $450,000 after purchasing an additional 938 shares during the last quarter.

About Franklin ClearBridge Enhanced Income ETF

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.