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 – Get Free Report) 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.

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

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter valued at $291,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 valued at $820,000 after purchasing an additional 9,668 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of 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 valued at $1,428,000 after purchasing an additional 20,981 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of 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 valued at $1,886,000 after purchasing an additional 26,641 shares during the last quarter.

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Franklin U.S. Low Volatility High Dividend Index ETF Stock Up 0.6%

Shares of LVHD opened at $43.83 on Friday. The firm has a market cap of $624.58 million, a PE ratio of 16.71 and a beta of 0.58. The company’s fifty day moving average is $42.81 and its two-hundred day moving average is $42.19. Franklin U.S. Low Volatility High Dividend Index ETF has a fifty-two week low of $39.31 and a fifty-two week high of $44.76.

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

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

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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