Short Interest in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Declines By 21.1%

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 22,000 shares, a drop of 21.1% from the December 31st total of 27,900 shares. Based on an average daily trading volume, of 54,700 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

A hedge fund recently raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF stock. Arkadios Wealth Advisors grew its position in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,398 shares of the company’s stock after purchasing an additional 1,802 shares during the quarter. Arkadios Wealth Advisors owned about 0.07% of Franklin U.S. Low Volatility High Dividend Index ETF worth $383,000 at the end of the most recent reporting period.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 1.2 %

LVHD opened at $39.14 on Friday. The company has a market capitalization of $522.52 million, a price-to-earnings ratio of 16.41 and a beta of 0.76. Franklin U.S. Low Volatility High Dividend Index ETF has a 12-month low of $34.24 and a 12-month high of $41.47. The business’s fifty day simple moving average is $39.25 and its 200-day simple moving average is $39.47.

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

The firm also recently declared a dividend, which was paid on Monday, January 6th. Stockholders of record on Tuesday, December 31st were issued a $0.3456 dividend. The ex-dividend date was Tuesday, December 31st.

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.