Short Interest in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Expands By 426.7%

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 83,260 shares, a growth of 426.7% from the June 30th total of 15,809 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average daily volume of 36,097 shares, the days-to-cover ratio is currently 2.3 days.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Down 1.7%

Franklin Emerging Market Core Dividend Tilt Index ETF stock traded down $0.71 during trading on Friday, hitting $40.63. The stock had a trading volume of 107,817 shares, compared to its average volume of 16,314. The stock’s 50 day moving average is $42.66 and its two-hundred day moving average is $39.13. Franklin Emerging Market Core Dividend Tilt Index ETF has a 1 year low of $30.02 and a 1 year high of $46.58. The stock has a market cap of $69.07 million, a price-to-earnings ratio of 11.48 and a beta of 0.71.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. LPL Financial LLC grew its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 40.6% during the 4th 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 during the period. Global Retirement Partners LLC raised its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 71.3% in the 4th quarter. Global Retirement Partners LLC now owns 139,511 shares of the company’s stock valued at $4,689,000 after acquiring an additional 58,090 shares during the period. Byrne Financial Freedom LLC raised its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 0.9% in the 4th quarter. Byrne Financial Freedom LLC now owns 101,986 shares of the company’s stock valued at $3,428,000 after acquiring an additional 867 shares during the period. Jane Street Group LLC lifted its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 250.3% during the first quarter. Jane Street Group LLC now owns 86,027 shares of the company’s stock valued at $2,334,000 after purchasing an additional 61,466 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 21.4% during the third quarter. Raymond James Financial Inc. now owns 84,850 shares of the company’s stock valued at $2,726,000 after purchasing an additional 14,939 shares during the last quarter.

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.