Short Interest in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Declines By 78.0%

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 18,323 shares, a drop of 78.0% from the July 15th total of 83,260 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 43,076 shares, the days-to-cover ratio is presently 0.4 days.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Performance

Shares of Franklin Emerging Market Core Dividend Tilt Index ETF stock traded up $0.22 during trading hours on Thursday, hitting $42.27. The company’s stock had a trading volume of 23,038 shares, compared to its average volume of 17,770. Franklin Emerging Market Core Dividend Tilt Index ETF has a twelve month low of $30.84 and a twelve month high of $46.58. The firm has a fifty day moving average of $42.24 and a 200-day moving average of $39.71. The stock has a market cap of $76.09 million, a price-to-earnings ratio of 11.48 and a beta of 0.72.

Institutional Trading of Franklin Emerging Market Core Dividend Tilt Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Analysts LLC boosted its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 40.7% during the fourth quarter. Capital Analysts LLC now owns 3,276 shares of the company’s stock worth $110,000 after buying an additional 947 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the 4th quarter valued at approximately $274,000. Bank of New York Mellon Corp raised its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 45.9% in the 1st quarter. Bank of New York Mellon Corp now owns 9,512 shares of the company’s stock valued at $336,000 after acquiring an additional 2,992 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 674.7% in the 4th quarter. Osaic Holdings Inc. now owns 9,622 shares of the company’s stock worth $323,000 after acquiring an additional 8,380 shares during the last quarter. Finally, BCS Wealth Management acquired a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the 1st quarter worth approximately $449,000.

About Franklin Emerging Market 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 and in depositary receipts representing such securities. The index is based on the Morningstar® Emerging Markets 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.