Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sees Large Drop in Short Interest

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 236,053 shares, a decrease of 49.5% from the February 12th total of 467,576 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 229,081 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 229,081 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DIVI. Retirement Planning Group LLC boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 3.7% in the 4th quarter. Retirement Planning Group LLC now owns 4,964,122 shares of the company’s stock valued at $193,055,000 after purchasing an additional 179,390 shares during the period. LPL Financial LLC raised its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 5.4% during the 4th quarter. LPL Financial LLC now owns 4,659,366 shares of the company’s stock valued at $181,203,000 after buying an additional 240,799 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 1,629,671 shares of the company’s stock worth $60,803,000 after acquiring an additional 109,765 shares in the last quarter. Capital Analysts LLC lifted its stake in Franklin International Core Dividend Tilt Index ETF by 1.7% in the fourth quarter. Capital Analysts LLC now owns 1,436,571 shares of the company’s stock worth $55,868,000 after purchasing an additional 23,804 shares during the last quarter. Finally, CWM LLC boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 14.2% during the 4th quarter. CWM LLC now owns 1,244,471 shares of the company’s stock valued at $48,397,000 after acquiring an additional 154,297 shares during the period.

Franklin International Core Dividend Tilt Index ETF Trading Down 0.9%

Shares of DIVI traded down $0.35 on Friday, reaching $39.45. 129,591 shares of the company’s stock traded hands, compared to its average volume of 273,765. The stock has a market cap of $2.14 billion, a PE ratio of 14.82 and a beta of 0.71. The stock’s 50 day simple moving average is $41.20 and its two-hundred day simple moving average is $39.04. Franklin International Core Dividend Tilt Index ETF has a 52-week low of $28.70 and a 52-week high of $43.21.

About Franklin International Core Dividend Tilt Index ETF

The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index is based on the Morningstar® Developed Markets ex-North America Target Market Exposure Index and is constructed by applying an optimization process to the Parent Index that aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index.