Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sees Significant Drop in Short Interest

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 24,736 shares, a decline of 89.0% from the April 30th total of 223,905 shares. Based on an average daily volume of 176,366 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Franklin International Core Dividend Tilt Index ETF Stock Down 0.2%

DIVI stock traded down $0.08 during midday trading on Thursday, hitting $43.18. The company’s stock had a trading volume of 89,850 shares, compared to its average volume of 222,443. The stock’s 50-day moving average price is $41.49 and its 200 day moving average price is $40.52. Franklin International Core Dividend Tilt Index ETF has a 1 year low of $34.03 and a 1 year high of $43.53. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 14.82 and a beta of 0.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% in the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after buying an additional 576 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at $29,000. Fifth Third Bancorp purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at $32,000. Johnson Financial Group Inc. purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 1st quarter valued at $33,000. Finally, Assetmark Inc. lifted its position in shares of Franklin International Core Dividend Tilt Index ETF by 950.0% during the 4th quarter. Assetmark Inc. now owns 945 shares of the company’s stock valued at $37,000 after buying an additional 855 shares during the last quarter.

Franklin International Core Dividend Tilt Index ETF Company Profile

The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index is based on the Morningstar® Developed Markets ex-North America Target Market Exposure 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.