Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 62,287 shares, a decrease of 63.7% from the March 15th total of 171,682 shares. Based on an average trading volume of 240,129 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.
Franklin International Core Dividend Tilt Index ETF Stock Performance
DIVI stock traded up $0.41 during trading on Tuesday, hitting $42.55. 231,785 shares of the company’s stock traded hands, compared to its average volume of 256,824. Franklin International Core Dividend Tilt Index ETF has a 52 week low of $31.84 and a 52 week high of $43.21. The business has a fifty day simple moving average of $41.05 and a 200 day simple moving average of $39.51. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 14.82 and a beta of 0.69.
Institutional Investors Weigh In On Franklin International Core Dividend Tilt Index ETF
Several institutional investors have recently made changes to their positions in DIVI. Retirement Planning Group LLC increased its position in Franklin International Core Dividend Tilt Index ETF by 3.7% during the 4th quarter. Retirement Planning Group LLC now owns 4,964,122 shares of the company’s stock valued at $193,055,000 after purchasing an additional 179,390 shares during the period. LPL Financial LLC increased its position in Franklin International Core Dividend Tilt Index ETF by 5.4% during the 4th quarter. LPL Financial LLC now owns 4,659,366 shares of the company’s stock valued at $181,203,000 after purchasing an additional 240,799 shares during the period. Bank of America Corp DE increased its position in Franklin International Core Dividend Tilt Index ETF by 7.2% during the 3rd quarter. Bank of America Corp DE now owns 1,629,671 shares of the company’s stock valued at $60,803,000 after purchasing an additional 109,765 shares during the period. Capital Analysts LLC increased its position in Franklin International Core Dividend Tilt Index ETF by 1.7% during the 4th quarter. Capital Analysts LLC now owns 1,436,571 shares of the company’s stock valued at $55,868,000 after purchasing an additional 23,804 shares during the period. Finally, CWM LLC increased its position in Franklin International Core Dividend Tilt Index ETF by 14.2% during the 4th quarter. CWM LLC now owns 1,244,471 shares of the company’s stock valued at $48,397,000 after purchasing an additional 154,297 shares during the period.
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.
Further Reading
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