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

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 20,430 shares, a drop of 76.9% from the September 15th total of 88,307 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 73,459 shares, the days-to-cover ratio is presently 0.3 days.

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

LVHD stock traded up $0.38 during midday trading on Monday, hitting $42.46. 43,025 shares of the company’s stock were exchanged, compared to its average volume of 57,542. The stock’s fifty day moving average price is $43.41 and its 200-day moving average price is $43.43. The company has a market cap of $598.69 million, a PE ratio of 16.71 and a beta of 0.57. Franklin U.S. Low Volatility High Dividend Index ETF has a one year low of $39.46 and a one year high of $46.49.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Thursday, August 6th were given a dividend of $0.3830 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.6%.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

An institutional investor recently raised its position in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors lifted its holdings in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Free Report) by 166.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 33,564 shares of the company’s stock after purchasing an additional 20,981 shares during the quarter. Arkadios Wealth Advisors owned about 0.24% of Franklin U.S. Low Volatility High Dividend Index ETF worth $1,428,000 as of its most recent SEC filing.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

(Get Free Report)

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.

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