Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV – Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 32,837 shares, an increase of 91.2% from the April 15th total of 17,172 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 11,835 shares, the short-interest ratio is presently 2.8 days.
Franklin U.S. Core Dividend Tilt Index ETF Stock Performance
Franklin U.S. Core Dividend Tilt Index ETF stock traded down $0.10 during mid-day trading on Monday, reaching $59.02. 7,260 shares of the company were exchanged, compared to its average volume of 11,008. Franklin U.S. Core Dividend Tilt Index ETF has a twelve month low of $44.72 and a twelve month high of $68.06. The firm’s 50-day simple moving average is $54.68 and its two-hundred day simple moving average is $53.96. The firm has a market cap of $123.94 million, a PE ratio of 24.12 and a beta of 0.88.
Institutional Trading of Franklin U.S. Core Dividend Tilt Index ETF
Hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the 4th quarter worth approximately $49,000. Private Trust Co. NA acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the 4th quarter worth approximately $54,000. Integrated Wealth Concepts LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the 1st quarter worth approximately $238,000. Goldman Sachs Group Inc. acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the fourth quarter valued at about $389,000. Finally, Bank of America Corp DE lifted its position in Franklin U.S. Core Dividend Tilt Index ETF by 208.2% in the second quarter. Bank of America Corp DE now owns 9,573 shares of the company’s stock valued at $462,000 after purchasing an additional 6,467 shares during the period.
Franklin U.S. 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. 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.
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