Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 120,419 shares, a growth of 367.3% from the July 30th total of 25,768 shares. Based on an average daily volume of 120,391 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the shares of the company are sold short.
Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF
A number of large investors have recently made changes to their positions in DIVI. Sunbelt Securities Inc. grew its stake in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% in the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after acquiring an additional 576 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at $29,000. Johnson Financial Group Inc. acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the first quarter valued at about $33,000. Wells Fargo & Company MN increased its stake in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock valued at $42,000 after buying an additional 250 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in Franklin International Core Dividend Tilt Index ETF by 32.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,826 shares of the company’s stock valued at $71,000 after buying an additional 444 shares during the last quarter.
Franklin International Core Dividend Tilt Index ETF Trading Down 0.3%
Shares of NYSEARCA:DIVI traded down $0.13 on Wednesday, hitting $44.60. The company had a trading volume of 33,601 shares, compared to its average volume of 215,817. Franklin International Core Dividend Tilt Index ETF has a 1-year low of $36.15 and a 1-year high of $44.89. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 14.82 and a beta of 0.68. The stock has a 50 day moving average price of $43.44 and a 200 day moving average price of $42.38.
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.
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