Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Short Interest Down 29.3% in January

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,429 shares, a decline of 29.3% from the January 15th total of 2,020 shares. Based on an average trading volume of 1,069 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,069 shares, the days-to-cover ratio is presently 1.3 days.

Franklin International Dividend Multiplier Index ETF Stock Performance

Shares of NYSEARCA:XIDV traded down $0.07 during mid-day trading on Friday, reaching $36.97. 1,293 shares of the company’s stock were exchanged, compared to its average volume of 1,793. Franklin International Dividend Multiplier Index ETF has a twelve month low of $25.19 and a twelve month high of $37.41. The firm has a market capitalization of $62.85 million, a price-to-earnings ratio of 12.12 and a beta of 0.79. The business’s fifty day moving average price is $34.78 and its 200-day moving average price is $33.21.

Institutional Trading of Franklin International Dividend Multiplier Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new position in shares of Franklin International Dividend Multiplier Index ETF in the 4th quarter worth approximately $28,944,000. Invested Advisors bought a new stake in Franklin International Dividend Multiplier Index ETF during the fourth quarter valued at $372,000. Susquehanna International Group LLP grew its holdings in Franklin International Dividend Multiplier Index ETF by 9.1% during the 3rd quarter. Susquehanna International Group LLP now owns 61,674 shares of the company’s stock worth $1,992,000 after acquiring an additional 5,149 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Franklin International Dividend Multiplier Index ETF by 2.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 110,360 shares of the company’s stock worth $3,565,000 after acquiring an additional 2,947 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Franklin International Dividend Multiplier Index ETF in the 2nd quarter valued at about $2,754,000.

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.