Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Large Growth in Short Interest

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 14,100 shares, a growth of 35.6% from the January 31st total of 10,400 shares. Based on an average trading volume of 51,700 shares, the short-interest ratio is presently 0.3 days.

Franklin U.S. Low Volatility High Dividend Index ETF Price Performance

Shares of LVHD stock opened at $41.02 on Tuesday. The company has a market capitalization of $539.41 million, a P/E ratio of 19.07 and a beta of 0.76. The company’s 50-day simple moving average is $39.10 and its two-hundred day simple moving average is $39.77. Franklin U.S. Low Volatility High Dividend Index ETF has a one year low of $34.82 and a one year high of $41.47.

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

The business also recently announced a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.0646 per share. The ex-dividend date of this dividend was Thursday, February 6th.

Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 60,573 shares of the company’s stock valued at $2,467,000 after acquiring an additional 4,780 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 11.4% in the 4th quarter. Arkadios Wealth Advisors now owns 10,471 shares of the company’s stock valued at $402,000 after purchasing an additional 1,073 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 5.7% during the 4th quarter. Ameriprise Financial Inc. now owns 21,608 shares of the company’s stock valued at $829,000 after buying an additional 1,165 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF in the 4th quarter worth about $998,000.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

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.