Franklin International Low Volatility High Dividend Index ETF (BATS:LVHI – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 964,162 shares, a growth of 830.2% from the September 15th total of 103,654 shares. Based on an average daily volume of 1,016,296 shares, the short-interest ratio is currently 0.9 days. Approximately 1.1% of the company’s shares are short sold.
Franklin International Low Volatility High Dividend Index ETF Stock Performance
BATS:LVHI opened at $41.80 on Monday. The stock’s fifty day moving average price is $42.50 and its two-hundred day moving average price is $41.55. Franklin International Low Volatility High Dividend Index ETF has a 52-week low of $34.66 and a 52-week high of $43.35. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 11.36 and a beta of 0.45.
Institutional Investors Weigh In On Franklin International Low Volatility High Dividend Index ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC bought a new position in shares of Franklin International Low Volatility High Dividend Index ETF in the 2nd quarter valued at about $986,000. Janney Montgomery Scott LLC grew its position in shares of Franklin International Low Volatility High Dividend Index ETF by 64.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 437,681 shares of the company’s stock worth $17,744,000 after buying an additional 171,132 shares during the period. Ethos Financial Group LLC grew its position in shares of Franklin International Low Volatility High Dividend Index ETF by 27.2% during the 1st quarter. Ethos Financial Group LLC now owns 171,465 shares of the company’s stock worth $6,951,000 after buying an additional 36,685 shares during the period. Planning Strategies Inc. raised its stake in shares of Franklin International Low Volatility High Dividend Index ETF by 9.1% during the third quarter. Planning Strategies Inc. now owns 429,932 shares of the company’s stock worth $17,932,000 after buying an additional 35,814 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Franklin International Low Volatility High Dividend Index ETF by 74.0% during the first quarter. Arkadios Wealth Advisors now owns 52,179 shares of the company’s stock worth $2,115,000 after buying an additional 22,187 shares during the last quarter.
About Franklin International Low Volatility High Dividend Index ETF
The Franklin International Low Volatility High Dividend Index ETF (LVHI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an all-cap index of developed ex-US stocks, selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHI was launched on Jul 27, 2016 and is managed by Franklin Templeton.
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