Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Shares Shorted: Short Interest Down 36.5% in October

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 174,880 shares, a decrease of 36.5% from the September 30th total of 275,582 shares. Based on an average daily trading volume, of 147,463 shares, the short-interest ratio is presently 1.2 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIVI. Envestnet Asset Management Inc. increased its stake in Franklin International Core Dividend Tilt Index ETF by 102.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 756,101 shares of the company’s stock worth $32,301,000 after buying an additional 382,124 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Franklin International Core Dividend Tilt Index ETF during the 2nd quarter valued at about $750,000. Bank of New York Mellon Corp lifted its holdings in Franklin International Core Dividend Tilt Index ETF by 23.2% during the 1st quarter. Bank of New York Mellon Corp now owns 452,005 shares of the company’s stock valued at $17,994,000 after buying an additional 85,159 shares in the last quarter. Capital Analysts LLC lifted its holdings in Franklin International Core Dividend Tilt Index ETF by 1.2% during the 2nd quarter. Capital Analysts LLC now owns 1,619,997 shares of the company’s stock valued at $69,207,000 after buying an additional 19,455 shares in the last quarter. Finally, HBW Advisory Services LLC boosted its position in Franklin International Core Dividend Tilt Index ETF by 27.3% in the 1st quarter. HBW Advisory Services LLC now owns 87,464 shares of the company’s stock valued at $3,482,000 after buying an additional 18,757 shares during the period.

Franklin International Core Dividend Tilt Index ETF Price Performance

Shares of DIVI stock traded down $0.13 during mid-day trading on Monday, hitting $42.62. The company had a trading volume of 6,985 shares, compared to its average volume of 207,202. The company has a market capitalization of $2.65 billion, a P/E ratio of 14.82 and a beta of 0.68. The stock’s 50 day moving average price is $43.22 and its 200-day moving average price is $42.42. Franklin International Core Dividend Tilt Index ETF has a 52-week low of $36.79 and a 52-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.