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 May. As of May 15th, there was short interest totaling 72,136 shares, a growth of 82.6% from the April 30th total of 39,510 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 89,937 shares, the days-to-cover ratio is currently 0.8 days.
Franklin U.S. Low Volatility High Dividend Index ETF Stock Down 1.1%
Shares of Franklin U.S. Low Volatility High Dividend Index ETF stock opened at $41.95 on Tuesday. The company has a market cap of $597.79 million, a P/E ratio of 16.71 and a beta of 0.60. Franklin U.S. Low Volatility High Dividend Index ETF has a 52-week low of $39.31 and a 52-week high of $44.76. The firm’s 50 day moving average price is $42.70 and its 200-day moving average price is $42.03.
Franklin U.S. Low Volatility High Dividend Index ETF Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, May 7th were given a dividend of $0.3228 per share. This represents a $1.29 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, May 7th.
Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF
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.
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