Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Sees Significant Decline in Short Interest

by · The Markets Daily

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM – Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 18,323 shares, a decrease of 78.0% from the July 15th total of 83,260 shares. Based on an average trading volume of 43,076 shares, the short-interest ratio is currently 0.4 days. Currently, 1.0% of the shares of the company are short sold.

Institutional Trading of Franklin Emerging Market Core Dividend Tilt Index ETF

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC increased its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 250.3% during the first quarter. Jane Street Group LLC now owns 86,027 shares of the company’s stock worth $2,334,000 after buying an additional 61,466 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 656.4% in the second quarter. Raymond James Financial Inc. now owns 69,911 shares of the company’s stock valued at $2,093,000 after acquiring an additional 60,669 shares during the period. LPL Financial LLC boosted its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 40.6% in the fourth quarter. LPL Financial LLC now owns 203,774 shares of the company’s stock valued at $6,849,000 after acquiring an additional 58,874 shares during the period. Global Retirement Partners LLC grew its position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 71.3% during the fourth quarter. Global Retirement Partners LLC now owns 139,511 shares of the company’s stock worth $4,689,000 after acquiring an additional 58,090 shares during the last quarter. Finally, Royal Bank of Canada purchased a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the first quarter worth approximately $1,414,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Performance

Shares of DIEM stock opened at $42.15 on Friday. The stock’s 50-day moving average is $42.23 and its two-hundred day moving average is $39.77. The firm has a market cap of $75.87 million, a price-to-earnings ratio of 11.48 and a beta of 0.72. Franklin Emerging Market Core Dividend Tilt Index ETF has a 1 year low of $30.84 and a 1 year high of $46.58.

About Franklin Emerging Market Core Dividend Tilt Index ETF

(Get Free Report)

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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