Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 22,359 shares, a drop of 80.7% from the June 30th total of 115,594 shares. Based on an average daily volume of 2,354 shares, the days-to-cover ratio is presently 9.5 days. Currently, 1.9% of the shares of the stock are sold short.
Franklin International Dividend Multiplier Index ETF Stock Up 0.8%
XIDV stock opened at $37.65 on Friday. Franklin International Dividend Multiplier Index ETF has a 52 week low of $30.67 and a 52 week high of $39.00. The firm has a market capitalization of $45.18 million, a P/E ratio of 12.12 and a beta of 0.11. The company has a fifty day simple moving average of $37.64 and a two-hundred day simple moving average of $36.80.
Institutional Investors Weigh In On Franklin International Dividend Multiplier Index ETF
Several institutional investors have recently modified their holdings of the stock. Invested Advisors bought a new position in shares of Franklin International Dividend Multiplier Index ETF during the 4th quarter valued at approximately $372,000. Susquehanna International Group LLP grew its stake in shares of Franklin International Dividend Multiplier Index ETF by 9.1% during the third quarter. Susquehanna International Group LLP now owns 61,674 shares of the company’s stock valued at $1,992,000 after buying an additional 5,149 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Franklin International Dividend Multiplier Index ETF in the fourth quarter worth approximately $28,944,000.
About Franklin International Dividend Multiplier Index ETF
The Franklin International Dividend Multiplier Index ETF (XIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of large- and mid-cap companies from developed markets, excluding the US. The fund uses an optimizer that aims for high dividend yield balanced against volatility relative to the broad international equity market. XIDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.
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