Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Sees Large Growth in Short Interest

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 55,446 shares, a growth of 148.0% from the July 15th total of 22,359 shares. Currently, 4.6% of the shares of the company are short sold. Based on an average daily trading volume, of 5,088 shares, the days-to-cover ratio is presently 10.9 days.

Institutional Investors Weigh In On Franklin International Dividend Multiplier Index ETF

An institutional investor recently bought a new position in Franklin International Dividend Multiplier Index ETF stock. Franklin Resources Inc. bought a new position in Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 850,000 shares of the company’s stock, valued at approximately $28,944,000. Franklin Resources Inc. owned 50.00% of Franklin International Dividend Multiplier Index ETF as of its most recent filing with the SEC.

Franklin International Dividend Multiplier Index ETF Trading Up 0.7%

XIDV stock traded up $0.26 during midday trading on Friday, reaching $39.22. 1,156 shares of the company’s stock traded hands, compared to its average volume of 7,078. Franklin International Dividend Multiplier Index ETF has a 52-week low of $31.53 and a 52-week high of $39.29. The stock has a market cap of $47.06 million, a P/E ratio of 12.12 and a beta of 0.09. The stock’s 50-day moving average is $37.83 and its 200 day moving average is $37.25.

About Franklin International Dividend Multiplier Index ETF

The Franklin International Dividend Multiplier Index ETF (XIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of large- and mid-cap companies from developed markets, excluding the US. The fund uses an optimizer that aims for high dividend yield balanced against volatility relative to the broad international equity market. XIDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.