Short Interest in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Expands By 68.3%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 41,621 shares, an increase of 68.3% from the May 14th total of 24,736 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 106,093 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its stake in Franklin International Core Dividend Tilt Index ETF by 677.6% during the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock worth $25,000 after purchasing an additional 576 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at about $29,000. Fifth Third Bancorp bought a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at about $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 about $33,000. Finally, Assetmark Inc. lifted its position in Franklin International Core Dividend Tilt Index ETF by 950.0% in the 4th quarter. Assetmark Inc. now owns 945 shares of the company’s stock worth $37,000 after buying an additional 855 shares during the last quarter.

Franklin International Core Dividend Tilt Index ETF Stock Performance

Franklin International Core Dividend Tilt Index ETF stock traded up $0.11 during mid-day trading on Tuesday, hitting $43.67. 105,219 shares of the company traded hands, compared to its average volume of 216,665. Franklin International Core Dividend Tilt Index ETF has a one year low of $34.03 and a one year high of $43.94. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 14.82 and a beta of 0.68. The stock has a fifty day moving average price of $42.42 and a 200-day moving average price of $40.98.

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.