Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 41,621 shares, an increase of 68.3% from the May 14th total of 24,736 shares. Based on an average daily trading volume, of 106,093 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.
Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF
Hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its holdings in Franklin International Core Dividend Tilt Index ETF by 677.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after purchasing an additional 576 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. bought a new position in Franklin International Core Dividend Tilt Index ETF during the 1st quarter valued at about $33,000. Fifth Third Bancorp bought a new position in Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at about $32,000. Finally, Assetmark Inc. grew its holdings in Franklin International Core Dividend Tilt Index ETF by 950.0% during the 4th quarter. Assetmark Inc. now owns 945 shares of the company’s stock valued at $37,000 after purchasing an additional 855 shares during the last quarter.
Franklin International Core Dividend Tilt Index ETF Stock Up 1.1%
NYSEARCA:DIVI traded up $0.49 during mid-day trading on Wednesday, hitting $44.16. 117,240 shares of the stock traded hands, compared to its average volume of 215,796. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 14.82 and a beta of 0.68. Franklin International Core Dividend Tilt Index ETF has a 52 week low of $34.03 and a 52 week high of $44.18. The firm’s 50 day moving average is $42.49 and its two-hundred day moving average is $41.02.
About Franklin International Core Dividend Tilt Index ETF
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.
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