Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Short Interest Down 24.2% in March

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 34,056 shares, a decrease of 24.2% from the February 26th total of 44,904 shares. Based on an average daily volume of 8,475 shares, the days-to-cover ratio is currently 4.0 days. Approximately 3.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Franklin Emerging Market Core Dividend Tilt Index ETF

Several hedge funds have recently modified their holdings of the stock. LPL Financial LLC raised its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 40.6% during the fourth quarter. LPL Financial LLC now owns 203,774 shares of the company’s stock worth $6,849,000 after acquiring an additional 58,874 shares in the last quarter. Global Retirement Partners LLC grew its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 71.3% in the fourth quarter. Global Retirement Partners LLC now owns 139,511 shares of the company’s stock valued at $4,689,000 after purchasing an additional 58,090 shares in the last quarter. Byrne Financial Freedom LLC grew its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 0.9% in the fourth quarter. Byrne Financial Freedom LLC now owns 101,986 shares of the company’s stock valued at $3,428,000 after purchasing an additional 867 shares in the last quarter. Jane Street Group LLC increased its position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 250.3% during the 1st quarter. Jane Street Group LLC now owns 86,027 shares of the company’s stock worth $2,334,000 after purchasing an additional 61,466 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 21.4% during the 3rd quarter. Raymond James Financial Inc. now owns 84,850 shares of the company’s stock worth $2,726,000 after purchasing an additional 14,939 shares during the last quarter.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Performance

Franklin Emerging Market Core Dividend Tilt Index ETF stock traded down $0.28 during mid-day trading on Monday, reaching $34.09. The company’s stock had a trading volume of 24,763 shares, compared to its average volume of 15,886. Franklin Emerging Market Core Dividend Tilt Index ETF has a 12 month low of $24.08 and a 12 month high of $39.03. The business’s 50 day simple moving average is $36.70 and its 200 day simple moving average is $34.40. The company has a market capitalization of $34.09 million, a price-to-earnings ratio of 11.48 and a beta of 0.64.

Franklin Emerging Market Core Dividend Tilt Index ETF Company Profile

Under normal market conditions, 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® Emerging Markets Target Market Exposure Index (Parent 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.