Short Interest in Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Declines By 80.7%

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 22,359 shares, a drop of 80.7% from the June 30th total of 115,594 shares. Based on an average trading volume of 2,354 shares, the short-interest ratio is currently 9.5 days. Approximately 1.9% of the shares of the stock are sold short.

Franklin International Dividend Multiplier Index ETF Stock Up 0.8%

Shares of XIDV traded up $0.30 on Friday, reaching $37.65. The stock had a trading volume of 1,788 shares, compared to its average volume of 7,075. The firm has a market capitalization of $45.18 million, a PE ratio of 12.12 and a beta of 0.11. The firm has a 50-day moving average of $37.64 and a 200 day moving average of $36.80. Franklin International Dividend Multiplier Index ETF has a twelve month low of $30.67 and a twelve month high of $39.00.

Institutional Trading of Franklin International Dividend Multiplier Index ETF

Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. purchased a new position in shares of Franklin International Dividend Multiplier Index ETF in the fourth quarter valued at $28,944,000. Susquehanna International Group LLP grew its stake in Franklin International Dividend Multiplier Index ETF by 9.1% in the 3rd quarter. Susquehanna International Group LLP now owns 61,674 shares of the company’s stock valued at $1,992,000 after acquiring an additional 5,149 shares during the last quarter. Finally, Invested Advisors purchased a new position in Franklin International Dividend Multiplier Index ETF during the 4th quarter valued at about $372,000.

About Franklin International Dividend Multiplier Index ETF

The Franklin International Dividend Multiplier Index ETF (XIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of large- and mid-cap companies from developed markets, excluding the US. The fund uses an optimizer that aims for high dividend yield balanced against volatility relative to the broad international equity market. XIDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.