Short Interest in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Drops By 71.5%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 34,367 shares, a decline of 71.5% from the August 15th total of 120,419 shares. Based on an average daily trading volume, of 259,150 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DIVI. Sunbelt Securities Inc. lifted its holdings in Franklin International Core Dividend Tilt Index ETF by 677.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after purchasing an additional 576 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter worth $29,000. Johnson Financial Group Inc. purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the first quarter worth $33,000. Wells Fargo & Company MN raised its position in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock valued at $42,000 after buying an additional 250 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Franklin International Core Dividend Tilt Index ETF by 32.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,826 shares of the company’s stock valued at $71,000 after buying an additional 444 shares during the last quarter.

Franklin International Core Dividend Tilt Index ETF Stock Up 1.0%

Shares of Franklin International Core Dividend Tilt Index ETF stock traded up $0.43 during mid-day trading on Friday, reaching $44.12. 109,626 shares of the stock traded hands, compared to its average volume of 211,873. The stock has a market capitalization of $2.74 billion, a PE ratio of 14.82 and a beta of 0.68. The business has a 50-day moving average of $43.77 and a 200 day moving average of $42.55. Franklin International Core Dividend Tilt Index ETF has a fifty-two week low of $36.59 and a fifty-two week high of $44.89.

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.