Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Stock Short Interest Report for October

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 13,600 shares, an increase of 99.9% from the October 15th total of 6,802 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 7,875 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Franklin U.S. Core Dividend Tilt Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC acquired a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 3rd quarter worth $446,000. Total Clarity Wealth Management Inc. grew its holdings in shares of Franklin U.S. Core Dividend Tilt Index ETF by 4.5% in the third quarter. Total Clarity Wealth Management Inc. now owns 7,632 shares of the company’s stock valued at $467,000 after purchasing an additional 332 shares during the period. IFP Advisors Inc purchased a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the third quarter valued at about $2,079,000. MCF Advisors LLC purchased a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the second quarter valued at about $307,000. Finally, BAM Wealth Management LLC increased its position in Franklin U.S. Core Dividend Tilt Index ETF by 32.1% during the second quarter. BAM Wealth Management LLC now owns 30,418 shares of the company’s stock worth $1,828,000 after purchasing an additional 7,387 shares during the last quarter.

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

Shares of UDIV stock traded down $0.22 during trading hours on Friday, reaching $60.39. The company had a trading volume of 16,296 shares, compared to its average volume of 11,856. The stock has a fifty day moving average of $61.30 and a 200-day moving average of $58.53. The company has a market capitalization of $163.05 million, a price-to-earnings ratio of 22.82 and a beta of 0.91. Franklin U.S. Core Dividend Tilt Index ETF has a 12-month low of $50.02 and a 12-month high of $68.06.

About Franklin U.S. 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. 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.