Short Interest in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Increases By 380.4%

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 22,100 shares, a growth of 380.4% from the August 15th total of 4,600 shares. Based on an average daily volume of 64,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF stock. Vima LLC purchased a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 929 shares of the company’s stock, valued at approximately $34,000.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Up 0.3 %

NASDAQ:LVHD traded up $0.10 on Thursday, hitting $40.00. The stock had a trading volume of 37,255 shares, compared to its average volume of 104,657. The company has a fifty day moving average price of $38.38 and a two-hundred day moving average price of $36.79. Franklin U.S. Low Volatility High Dividend Index ETF has a 1-year low of $32.58 and a 1-year high of $40.29. The stock has a market cap of $628 million, a price-to-earnings ratio of 16.41 and a beta of 0.76.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Thursday, August 8th were issued a $0.377 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, August 8th.

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.