Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDE) Sees Large Increase in Short Interest

Franklin ClearBridge Enhanced Income ETF (NASDAQ:YLDEGet Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 20,532 shares, an increase of 230.3% from the June 15th total of 6,217 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 12,261 shares, the days-to-cover ratio is presently 1.7 days.

Franklin ClearBridge Enhanced Income ETF Stock Performance

YLDE stock opened at $56.71 on Monday. The stock has a market capitalization of $164.46 million, a P/E ratio of 21.02 and a beta of 0.77. Franklin ClearBridge Enhanced Income ETF has a one year low of $49.40 and a one year high of $58.77. The company has a 50 day moving average price of $55.64 and a two-hundred day moving average price of $55.48.

Franklin ClearBridge Enhanced Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.3162 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. This is a positive change from Franklin ClearBridge Enhanced Income ETF’s previous monthly dividend of $0.31. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On Franklin ClearBridge Enhanced Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its position in Franklin ClearBridge Enhanced Income ETF by 12.7% during the fourth quarter. Advisory Services Network LLC now owns 8,309 shares of the company’s stock worth $450,000 after buying an additional 938 shares during the period. D.A. Davidson & CO. grew its holdings in Franklin ClearBridge Enhanced Income ETF by 20.0% in the 4th quarter. D.A. Davidson & CO. now owns 9,198 shares of the company’s stock valued at $498,000 after buying an additional 1,530 shares during the period. Janney Montgomery Scott LLC grew its holdings in Franklin ClearBridge Enhanced Income ETF by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,727 shares of the company’s stock valued at $527,000 after buying an additional 245 shares during the period. TD Private Client Wealth LLC grew its holdings in Franklin ClearBridge Enhanced Income ETF by 7.3% in the 4th quarter. TD Private Client Wealth LLC now owns 12,406 shares of the company’s stock valued at $672,000 after buying an additional 841 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in shares of Franklin ClearBridge Enhanced Income ETF by 9.1% during the 4th quarter. Golden State Wealth Management LLC now owns 14,405 shares of the company’s stock valued at $781,000 after acquiring an additional 1,200 shares during the last quarter.

About Franklin ClearBridge Enhanced Income ETF

(Get Free Report)

The ClearBridge Dividend Strategy ESG ETF (YLDE) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund is an actively managed fund that seeks income, growth of income, and long-term capital appreciation. The fund focuses on global large-cap stocks with attractive dividends and positive ESG attributes. YLDE was launched on May 22, 2017 and is managed by Franklin Templeton.

Featured Stories

Receive News & Ratings for Franklin ClearBridge Enhanced Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin ClearBridge Enhanced Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.