Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Down 75.2% in June

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 8,165 shares, a decline of 75.2% from the June 15th total of 32,957 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 37,830 shares, the days-to-cover ratio is currently 0.2 days.

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

Shares of UDIV traded down $0.50 during mid-day trading on Monday, reaching $60.24. The company had a trading volume of 3,292 shares, compared to its average volume of 13,664. The company has a market capitalization of $138.55 million, a price-to-earnings ratio of 24.12 and a beta of 0.89. The company’s 50 day simple moving average is $59.82 and its 200 day simple moving average is $56.01. Franklin U.S. Core Dividend Tilt Index ETF has a 1-year low of $48.50 and a 1-year high of $68.06.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 1st quarter valued at $74,000. Arkadios Wealth Advisors boosted its holdings in shares of Franklin U.S. Core Dividend Tilt Index ETF by 3.5% during the 1st quarter. Arkadios Wealth Advisors now owns 59,522 shares of the company’s stock valued at $3,072,000 after acquiring an additional 2,026 shares in the last quarter. Cetera Investment Advisers grew its position in Franklin U.S. Core Dividend Tilt Index ETF by 3.7% during the 1st quarter. Cetera Investment Advisers now owns 54,361 shares of the company’s stock worth $2,806,000 after acquiring an additional 1,961 shares during the last quarter. Bank of New York Mellon Corp grew its position in Franklin U.S. Core Dividend Tilt Index ETF by 52.5% during the 1st quarter. Bank of New York Mellon Corp now owns 21,956 shares of the company’s stock worth $1,133,000 after acquiring an additional 7,562 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in Franklin U.S. Core Dividend Tilt Index ETF by 14.1% in the 1st quarter. Sanctuary Advisors LLC now owns 52,487 shares of the company’s stock worth $2,709,000 after purchasing an additional 6,466 shares in the last quarter.

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.