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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 120,419 shares, an increase of 367.3% from the July 30th total of 25,768 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 120,391 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Franklin International Core Dividend Tilt Index ETF

Hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its position in 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 valued at $25,000 after buying an additional 576 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter worth $29,000. Johnson Financial Group Inc. acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the 1st quarter worth $33,000. Wells Fargo & Company MN lifted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock worth $42,000 after acquiring an additional 250 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 32.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,826 shares of the company’s stock valued at $71,000 after acquiring an additional 444 shares in the last quarter.

Franklin International Core Dividend Tilt Index ETF Price Performance

Shares of DIVI stock traded up $0.03 during midday trading on Friday, hitting $44.47. The company had a trading volume of 28,672 shares, compared to its average volume of 214,848. The company’s 50 day simple moving average is $43.48 and its 200 day simple moving average is $42.42. Franklin International Core Dividend Tilt Index ETF has a 52-week low of $36.15 and a 52-week high of $44.89. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 14.82 and a beta of 0.68.

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.