Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Down 75.2% in June

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 8,165 shares, a drop of 75.2% from the June 15th total of 32,957 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 37,830 shares, the days-to-cover ratio is currently 0.2 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter valued at about $49,000. Private Trust Co. NA acquired a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter worth approximately $54,000. Western Wealth Management LLC bought a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 1st quarter worth approximately $74,000. Integrated Wealth Concepts LLC bought a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 1st quarter worth approximately $238,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter valued at approximately $389,000.

Franklin U.S. Core Dividend Tilt Index ETF Stock Performance

Shares of UDIV stock traded up $0.33 during mid-day trading on Friday, hitting $60.74. 4,819 shares of the stock traded hands, compared to its average volume of 13,744. Franklin U.S. Core Dividend Tilt Index ETF has a twelve month low of $48.50 and a twelve month high of $68.06. The company’s 50-day simple moving average is $59.77 and its 200-day simple moving average is $55.96. The firm has a market cap of $139.70 million, a price-to-earnings ratio of 24.12 and a beta of 0.89.

Franklin U.S. 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. The index is based on the Morningstar® US 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.