Short Interest in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Decreases By 49.2%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 189,920 shares, a decline of 49.2% from the June 15th total of 373,874 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 352,750 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

Hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. raised its holdings in Franklin International Core Dividend Tilt Index ETF by 677.6% during the third 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 bought a new position in Franklin International Core Dividend Tilt Index ETF in the third quarter valued at approximately $29,000. Johnson Financial Group Inc. bought a new position in Franklin International Core Dividend Tilt Index ETF in the first quarter valued at approximately $33,000. Assetmark Inc. grew its stake 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 valued at $37,000 after purchasing an additional 855 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock worth $42,000 after purchasing an additional 250 shares during the last quarter.

Franklin International Core Dividend Tilt Index ETF Stock Down 0.6%

DIVI traded down $0.24 during trading hours on Thursday, hitting $42.85. 132,063 shares of the company’s stock were exchanged, compared to its average volume of 224,988. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 14.82 and a beta of 0.68. Franklin International Core Dividend Tilt Index ETF has a 1-year low of $34.72 and a 1-year high of $44.18. The stock’s 50-day moving average is $42.93 and its two-hundred day moving average is $41.67.

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.