Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Down 34.8% in May

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 19,945 shares, a decrease of 34.8% from the May 14th total of 30,585 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 27,776 shares, the short-interest ratio is presently 0.7 days.

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

Shares of UDIV stock traded down $0.02 on Tuesday, hitting $60.86. 77,560 shares of the stock traded hands, compared to its average volume of 12,605. The company has a market capitalization of $127.81 million, a PE ratio of 24.12 and a beta of 0.89. Franklin U.S. Core Dividend Tilt Index ETF has a 1-year low of $46.34 and a 1-year high of $68.06. The company’s fifty day moving average is $57.94 and its 200 day moving average is $55.07.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. CreativeOne Wealth LLC increased its position in Franklin U.S. Core Dividend Tilt Index ETF by 13.7% in the third quarter. CreativeOne Wealth LLC now owns 460,701 shares of the company’s stock worth $24,134,000 after buying an additional 55,625 shares during the period. Arkadios Wealth Advisors increased its position in Franklin U.S. Core Dividend Tilt Index ETF by 3.5% in the first quarter. Arkadios Wealth Advisors now owns 59,522 shares of the company’s stock worth $3,072,000 after buying an additional 2,026 shares during the period. Cetera Investment Advisers increased its position in Franklin U.S. Core Dividend Tilt Index ETF by 3.7% in the first quarter. Cetera Investment Advisers now owns 54,361 shares of the company’s stock worth $2,806,000 after buying an additional 1,961 shares during the period. Bank of New York Mellon Corp increased its position in Franklin U.S. Core Dividend Tilt Index ETF by 52.5% in the first quarter. Bank of New York Mellon Corp now owns 21,956 shares of the company’s stock worth $1,133,000 after buying an additional 7,562 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the fourth quarter worth $49,000.

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.