Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 24,736 shares, a decrease of 89.0% from the April 30th total of 223,905 shares. Based on an average daily trading volume, of 176,366 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.
Franklin International Core Dividend Tilt Index ETF Price Performance
Shares of NYSEARCA DIVI traded down $0.08 during trading on Thursday, reaching $43.18. 89,850 shares of the stock traded hands, compared to its average volume of 222,443. Franklin International Core Dividend Tilt Index ETF has a 52-week low of $34.03 and a 52-week high of $43.53. The company has a 50-day moving average of $41.49 and a 200-day moving average of $40.52. The stock has a market capitalization of $2.50 billion, a P/E ratio of 14.82 and a beta of 0.69.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Baron Wealth Management LLC raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 2.8% during the 4th quarter. Baron Wealth Management LLC now owns 726,946 shares of the company’s stock valued at $28,271,000 after purchasing an additional 19,931 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 30.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 156,803 shares of the company’s stock valued at $5,813,000 after purchasing an additional 36,730 shares during the period. Koshinski Asset Management Inc. raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 45.9% during the 3rd quarter. Koshinski Asset Management Inc. now owns 516,190 shares of the company’s stock valued at $19,259,000 after purchasing an additional 162,397 shares during the period. AllGen Financial Advisors Inc. raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 6.4% during the 4th quarter. AllGen Financial Advisors Inc. now owns 389,481 shares of the company’s stock valued at $15,147,000 after purchasing an additional 23,377 shares during the period. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 10.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 447,463 shares of the company’s stock valued at $16,695,000 after purchasing an additional 43,156 shares during the period.
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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