Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Sees Large Drop in Short Interest

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 424 shares, a decrease of 97.0% from the September 15th total of 14,191 shares. Based on an average daily trading volume, of 21,066 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Franklin U.S. Dividend Multiplier Index ETF Trading Down 0.1%

XUDV stock traded down $0.04 during trading hours on Friday, hitting $31.68. 11,551 shares of the stock were exchanged, compared to its average volume of 8,879. Franklin U.S. Dividend Multiplier Index ETF has a 12 month low of $25.30 and a 12 month high of $34.03. The firm has a market capitalization of $76.03 million, a P/E ratio of 14.08 and a beta of 0.60. The company has a 50-day simple moving average of $32.94 and a two-hundred day simple moving average of $31.48.

Hedge Funds Weigh In On Franklin U.S. Dividend Multiplier Index ETF

An institutional investor recently raised its stake in Franklin U.S. Dividend Multiplier Index ETF stock. Envestnet Asset Management Inc. increased its holdings in shares of Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV – Free Report) by 19.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 237,000 shares of the company’s stock after acquiring an additional 39,224 shares during the quarter. Envestnet Asset Management Inc. owned about 9.12% of Franklin U.S. Dividend Multiplier Index ETF worth $7,425,000 as of its most recent filing with the SEC.

About Franklin U.S. Dividend Multiplier Index ETF

(Get Free Report)

The Franklin U.S. Dividend Multiplier Index ETF (XUDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of US large-cap companies that employs an optimizer aimed to deliver high dividend yield balanced against volatility. XUDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.

Further Reading

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