Short Interest in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Declines By 89.0%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 24,736 shares, a decrease of 89.0% from the April 30th total of 223,905 shares. Based on an average trading volume of 176,366 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

Several hedge funds have recently made changes to their positions in DIVI. JPMorgan Chase & Co. increased its position in shares of Franklin International Core Dividend Tilt Index ETF by 23.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,395 shares of the company’s stock valued at $513,000 after acquiring an additional 2,726 shares during the period. Raymond James Financial Inc. grew its position in Franklin International Core Dividend Tilt Index ETF by 35.1% during the 2nd quarter. Raymond James Financial Inc. now owns 752,548 shares of the company’s stock worth $26,821,000 after purchasing an additional 195,552 shares during the period. Jane Street Group LLC grew its position in Franklin International Core Dividend Tilt Index ETF by 1.1% during the 2nd quarter. Jane Street Group LLC now owns 381,022 shares of the company’s stock worth $13,580,000 after purchasing an additional 4,297 shares during the period. Ameriprise Financial Inc. grew its position in Franklin International Core Dividend Tilt Index ETF by 79.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 91,711 shares of the company’s stock worth $3,269,000 after purchasing an additional 40,677 shares during the period. Finally, Bank of America Corp DE grew its position in Franklin International Core Dividend Tilt Index ETF by 138.4% during the 2nd quarter. Bank of America Corp DE now owns 1,519,906 shares of the company’s stock worth $54,169,000 after purchasing an additional 882,367 shares during the period.

Franklin International Core Dividend Tilt Index ETF Stock Performance

Shares of NYSEARCA DIVI traded up $0.12 during mid-day trading on Friday, hitting $43.28. The stock had a trading volume of 114,737 shares, compared to its average volume of 221,532. The company has a 50 day moving average of $41.62 and a two-hundred day moving average of $40.57. Franklin International Core Dividend Tilt Index ETF has a twelve month low of $34.03 and a twelve month high of $43.53. The firm has a market cap of $2.51 billion, a PE ratio of 14.82 and a beta of 0.69.

Franklin International Core Dividend Tilt Index ETF Company Profile

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.