Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Significant Decrease in Short Interest

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 41,319 shares, a decline of 42.7% from the May 14th total of 72,136 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 36,919 shares, the short-interest ratio is currently 1.1 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of LVHD. Ameriprise Financial Inc. grew its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock worth $1,886,000 after acquiring an additional 26,641 shares during the period. Farther Finance Advisors LLC grew its stake in 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 period. Bank of New York Mellon Corp purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter worth approximately $291,000. Finally, Arkadios Wealth Advisors grew its stake in 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 worth $1,428,000 after acquiring an additional 20,981 shares during the period.

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

LVHD stock opened at $43.83 on Friday. The stock has a market capitalization of $624.58 million, a P/E ratio of 16.71 and a beta of 0.58. Franklin U.S. Low Volatility High Dividend Index ETF has a one year low of $39.31 and a one year high of $44.76. The company has a 50 day moving average price of $42.81 and a two-hundred day moving average price of $42.19.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Thursday, May 7th were paid a $0.3228 dividend. This represents a $1.29 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, May 7th.

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.