Short Interest in Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) Expands By 170.8%

Franklin U.S. Dividend Multiplier Index ETF (NYSEARCA:XUDV) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 15,196 shares, a growth of 170.8% from the June 15th total of 5,612 shares. Based on an average daily volume of 10,851 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the shares of the company are sold short.

Franklin U.S. Dividend Multiplier Index ETF Price Performance

Shares of NYSEARCA:XUDV opened at $32.11 on Tuesday. The company’s 50 day simple moving average is $31.32 and its 200 day simple moving average is $29.38. The stock has a market capitalization of $75.46 million, a price-to-earnings ratio of 14.08 and a beta of 0.57. Franklin U.S. Dividend Multiplier Index ETF has a 1 year low of $25.30 and a 1 year high of $32.57.

Institutional Investors Weigh In On Franklin U.S. Dividend Multiplier Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in XUDV. Cetera Investment Advisers grew its position in Franklin U.S. Dividend Multiplier Index ETF by 1.0% during the fourth quarter. Cetera Investment Advisers now owns 173,032 shares of the company’s stock valued at $4,582,000 after buying an additional 1,769 shares during the period. Ameritas Advisory Services LLC purchased a new position in Franklin U.S. Dividend Multiplier Index ETF during the fourth quarter worth about $294,000. Invested Advisors bought a new position in Franklin U.S. Dividend Multiplier Index ETF in the 4th quarter worth about $556,000. Finally, Franklin Resources Inc. purchased a new position in Franklin U.S. Dividend Multiplier Index ETF in the 4th quarter worth $15,625,000.

About Franklin U.S. Dividend Multiplier Index ETF

The Franklin U.S. Dividend Multiplier Index ETF (XUDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of US large-cap companies that employs an optimizer aimed to deliver high dividend yield balanced against volatility. XUDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.