Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Sees Large Decline in Short Interest

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 17,033 shares, a decrease of 50.7% from the May 14th total of 34,548 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average trading volume of 10,741 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Franklin Emerging Market Core Dividend Tilt Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Indivisible Partners purchased a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF in the 4th quarter worth approximately $530,000. J.W. Cole Advisors Inc. purchased a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF in the 4th quarter worth approximately $1,315,000. Global Retirement Partners LLC increased its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 71.3% in the 4th quarter. Global Retirement Partners LLC now owns 139,511 shares of the company’s stock worth $4,689,000 after acquiring an additional 58,090 shares in the last quarter. Sequent Planning LLC purchased a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF in the 3rd quarter worth approximately $435,000. Finally, Bank of New York Mellon Corp increased its holdings in 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 worth $336,000 after acquiring an additional 2,992 shares in the last quarter.

Franklin Emerging Market Core Dividend Tilt Index ETF Trading Up 0.3%

Franklin Emerging Market Core Dividend Tilt Index ETF stock traded up $0.12 during midday trading on Friday, hitting $43.41. The stock had a trading volume of 4,108 shares, compared to its average volume of 13,958. The firm’s fifty day moving average is $40.53 and its two-hundred day moving average is $37.19. The company has a market capitalization of $56.43 million, a PE ratio of 11.48 and a beta of 0.71. Franklin Emerging Market Core Dividend Tilt Index ETF has a 52-week low of $28.79 and a 52-week high of $45.17.

Franklin Emerging Market 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 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.