Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 18,323 shares, a decline of 78.0% from the July 15th total of 83,260 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 43,076 shares, the days-to-cover ratio is presently 0.4 days.
Franklin Emerging Market Core Dividend Tilt Index ETF Trading Up 0.5%
DIEM traded up $0.22 during mid-day trading on Thursday, hitting $42.27. 23,038 shares of the stock were exchanged, compared to its average volume of 17,770. The firm’s fifty day moving average is $42.24 and its two-hundred day moving average is $39.71. Franklin Emerging Market Core Dividend Tilt Index ETF has a 1-year low of $30.84 and a 1-year high of $46.58. The company has a market cap of $76.09 million, a PE ratio of 11.48 and a beta of 0.72.
Institutional Trading of Franklin Emerging Market Core Dividend Tilt Index ETF
Several hedge funds have recently modified their holdings of DIEM. Capital Analysts LLC boosted its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 40.7% in the fourth quarter. Capital Analysts LLC now owns 3,276 shares of the company’s stock valued at $110,000 after purchasing an additional 947 shares during the period. Cetera Investment Advisers purchased a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF during the 4th quarter worth about $274,000. Osaic Holdings Inc. increased its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 674.7% during the 4th quarter. Osaic Holdings Inc. now owns 9,622 shares of the company’s stock worth $323,000 after purchasing an additional 8,380 shares during the period. Bank of New York Mellon Corp raised its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 45.9% in the 1st quarter. Bank of New York Mellon Corp now owns 9,512 shares of the company’s stock valued at $336,000 after purchasing an additional 2,992 shares in the last quarter. Finally, BCS Wealth Management acquired a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF in the 1st quarter valued at about $449,000.
Franklin Emerging Market 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 and in depositary receipts representing such securities. The index is based on the Morningstar® Emerging Markets 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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