Short Interest in Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Grows By 148.0%

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDVGet Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 55,446 shares, a growth of 148.0% from the July 15th total of 22,359 shares. Based on an average daily volume of 5,088 shares, the days-to-cover ratio is currently 10.9 days. Approximately 4.6% of the company’s stock are short sold.

Franklin International Dividend Multiplier Index ETF Stock Performance

Shares of NYSEARCA XIDV opened at $38.96 on Friday. The stock has a 50 day moving average price of $37.80 and a 200 day moving average price of $37.24. The stock has a market capitalization of $46.75 million, a PE ratio of 12.12 and a beta of 0.09. Franklin International Dividend Multiplier Index ETF has a 52 week low of $31.53 and a 52 week high of $39.24.

Institutional Trading of Franklin International Dividend Multiplier Index ETF

A hedge fund recently bought a new stake in Franklin International Dividend Multiplier Index ETF stock. Franklin Resources Inc. purchased a new position in shares of Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDVFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 850,000 shares of the company’s stock, valued at approximately $28,944,000. Franklin Resources Inc. owned approximately 50.00% of Franklin International Dividend Multiplier Index ETF at the end of the most recent reporting period.

Franklin International Dividend Multiplier Index ETF Company Profile

(Get Free Report)

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.

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