Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Stock Short Interest Climbs 81.4%

by · The Markets Daily

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 37,051 shares, a growth of 81.4% from the September 30th total of 20,430 shares. Based on an average daily trading volume, of 41,307 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the company’s shares are sold short.

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

Shares of NASDAQ:LVHD traded up $0.24 during trading on Friday, hitting $45.25. The company’s stock had a trading volume of 113,911 shares, compared to its average volume of 58,958. Franklin U.S. Low Volatility High Dividend Index ETF has a fifty-two week low of $39.46 and a fifty-two week high of $46.49. The company has a market capitalization of $642.55 million, a PE ratio of 16.71 and a beta of 0.57. The business has a 50 day moving average price of $43.28 and a two-hundred day moving average price of $43.34.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Thursday, August 6th were issued a $0.3830 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Thursday, August 6th.

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

A hedge fund recently bought a new stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Bank of New York Mellon Corp acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,828 shares of the company’s stock, valued at approximately $291,000.

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

(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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