Short Interest in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Drops By 93.9%
Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD – Get Free Report) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 3,400 shares, a decrease of 93.9% from the November 15th total of 55,300 shares. Based on an average trading volume of 162,300 shares, the short-interest ratio is currently 0.0 days.
Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF
Institutional investors and hedge funds have recently modified their holdings of the business. Arden Trust Co raised its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 1.0% during the second quarter. Arden Trust Co now owns 117,153 shares of the company’s stock worth $4,296,000 after purchasing an additional 1,186 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the second quarter worth $8,591,000. Flow Traders U.S. LLC acquired a new stake in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the second quarter worth $1,151,000. Ameriprise Financial Inc. raised its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 25.1% during the third quarter. Ameriprise Financial Inc. now owns 160,389 shares of the company’s stock worth $5,435,000 after purchasing an additional 32,205 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 1,877.2% during the second quarter. JPMorgan Chase & Co. now owns 136,982 shares of the company’s stock worth $5,023,000 after purchasing an additional 130,054 shares during the period.
Franklin U.S. Low Volatility High Dividend Index ETF Price Performance
LVHD traded down $0.07 during trading on Tuesday, hitting $35.78. The company had a trading volume of 99,978 shares, compared to its average volume of 165,906. The company has a market cap of $890.92 million, a PE ratio of 14.18 and a beta of 0.76. Franklin U.S. Low Volatility High Dividend Index ETF has a 1-year low of $32.58 and a 1-year high of $39.72. The business has a 50-day moving average of $34.09 and a 200-day moving average of $35.49.
Franklin U.S. Low Volatility High Dividend Index ETF Increases Dividend
The firm also recently announced a dividend, which was paid on Tuesday, November 7th. Shareholders of record on Friday, November 3rd were issued a dividend of $0.3854 per share. This is a boost from Franklin U.S. Low Volatility High Dividend Index ETF’s previous dividend of $0.36. The ex-dividend date was Thursday, November 2nd.
About Franklin U.S. Low Volatility High Dividend Index ETF (Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Franklin U.S. Low Volatility High Dividend Index ETF, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Franklin U.S. Low Volatility High Dividend Index ETF wasn’t on the list.
While Franklin U.S. Low Volatility High Dividend Index ETF currently has a “hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Do you expect the global demand for energy to shrink?! If not, it’s time to take a look at how energy stocks can play a part in your portfolio.