Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Short Interest Down 22.9% in November

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,700 shares, a decline of 22.9% from the October 31st total of 3,500 shares. Based on an average daily trading volume, of 47,800 shares, the days-to-cover ratio is presently 0.1 days.

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

An institutional investor recently bought a new position in Franklin U.S. Low Volatility High Dividend Index ETF stock. Lynx Investment Advisory acquired a new stake in Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,680 shares of the company’s stock, valued at approximately $96,000.

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

NASDAQ LVHD opened at $41.24 on Friday. The stock’s fifty day moving average price is $40.43 and its 200 day moving average price is $38.51. Franklin U.S. Low Volatility High Dividend Index ETF has a 1 year low of $34.24 and a 1 year high of $41.47. The company has a market cap of $595.89 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 company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, November 7th were issued a dividend of $0.3701 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, November 7th.

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.