Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sees Significant Decrease in Short Interest

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 136,133 shares, a drop of 34.7% from the December 31st total of 208,511 shares. Based on an average daily volume of 212,067 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 212,067 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

A number of institutional investors have recently bought and sold shares of DIVI. Sunbelt Securities Inc. raised its position in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock worth $25,000 after acquiring an additional 576 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in Franklin International Core Dividend Tilt Index ETF during the third quarter worth approximately $29,000. Fifth Third Bancorp acquired a new stake in Franklin International Core Dividend Tilt Index ETF during the third quarter worth approximately $32,000. Assetmark Inc. increased its holdings in Franklin International Core Dividend Tilt Index ETF by 950.0% in the fourth quarter. Assetmark Inc. now owns 945 shares of the company’s stock worth $37,000 after purchasing an additional 855 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new position in Franklin International Core Dividend Tilt Index ETF in the second quarter valued at approximately $57,000.

Franklin International Core Dividend Tilt Index ETF Stock Performance

Shares of NYSEARCA:DIVI traded up $0.28 during trading on Monday, reaching $41.38. The stock had a trading volume of 228,767 shares, compared to its average volume of 243,151. The firm’s fifty day moving average is $39.45 and its 200 day moving average is $37.94. Franklin International Core Dividend Tilt Index ETF has a 52 week low of $28.70 and a 52 week high of $41.61. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 14.82 and a beta of 0.71.

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.