Short Interest in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Increases By 134.7%

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 24,434 shares, an increase of 134.7% from the August 15th total of 10,411 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 11,064 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On Franklin U.S. Core Dividend Tilt Index ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in shares of Franklin U.S. Core Dividend Tilt Index ETF by 2,715.8% in the 4th quarter. Franklin Resources Inc. now owns 450,972 shares of the company’s stock valued at $23,969,000 after buying an additional 434,956 shares in the last quarter. LPL Financial LLC raised its stake in shares of Franklin U.S. Core Dividend Tilt Index ETF by 47.6% during the 4th quarter. LPL Financial LLC now owns 251,636 shares of the company’s stock worth $13,374,000 after acquiring an additional 81,133 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF during the 2nd quarter worth approximately $2,529,000. CreativeOne Wealth LLC lifted its position in Franklin U.S. Core Dividend Tilt Index ETF by 10.8% during the fourth quarter. CreativeOne Wealth LLC now owns 510,565 shares of the company’s stock valued at $27,136,000 after acquiring an additional 49,864 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the third quarter valued at approximately $692,000.

Franklin U.S. Core Dividend Tilt Index ETF Stock Performance

Shares of NYSEARCA UDIV opened at $61.60 on Monday. The stock has a market capitalization of $144.76 million, a PE ratio of 24.12 and a beta of 0.89. The stock’s fifty day simple moving average is $61.01 and its two-hundred day simple moving average is $58.20. Franklin U.S. Core Dividend Tilt Index ETF has a 12-month low of $50.02 and a 12-month high of $68.06.

Franklin U.S. 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. The index is based on the Morningstar® US 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.