Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Update

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 32,837 shares, an increase of 91.2% from the April 15th total of 17,172 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 11,835 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Trading of Franklin U.S. Core Dividend Tilt Index ETF

A number of hedge funds have recently bought and sold shares of UDIV. Kestra Advisory Services LLC purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter valued at $49,000. Private Trust Co. NA purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter valued at $54,000. Integrated Wealth Concepts LLC purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the first quarter valued at $238,000. Goldman Sachs Group Inc. purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter valued at $389,000. Finally, Bank of America Corp DE increased its position in Franklin U.S. Core Dividend Tilt Index ETF by 208.2% during the second quarter. Bank of America Corp DE now owns 9,573 shares of the company’s stock valued at $462,000 after acquiring an additional 6,467 shares during the last quarter.

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

Franklin U.S. Core Dividend Tilt Index ETF stock traded down $0.75 during mid-day trading on Friday, reaching $59.12. 5,209 shares of the stock traded hands, compared to its average volume of 11,048. The stock has a market capitalization of $124.15 million, a PE ratio of 24.12 and a beta of 0.88. Franklin U.S. Core Dividend Tilt Index ETF has a 12-month low of $44.72 and a 12-month high of $68.06. The business’s 50-day moving average is $54.68 and its 200-day moving average is $53.96.

About Franklin U.S. Core Dividend Tilt Index ETF

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.