Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sees Large Growth in Short Interest

by · The Markets Daily

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 120,419 shares, an increase of 367.3% from the July 30th total of 25,768 shares. Based on an average trading volume of 120,391 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after purchasing an additional 576 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter worth $29,000. Johnson Financial Group Inc. bought a new position in Franklin International Core Dividend Tilt Index ETF during the first quarter worth $33,000. Wells Fargo & Company MN raised its stake in Franklin International Core Dividend Tilt Index ETF by 30.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock worth $42,000 after buying an additional 250 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Franklin International Core Dividend Tilt Index ETF by 32.1% in the fourth 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 period.

Franklin International Core Dividend Tilt Index ETF Stock Performance

Shares of DIVI traded down $0.13 during mid-day trading on Wednesday, reaching $44.60. 33,601 shares of the company were exchanged, compared to its average volume of 215,817. Franklin International Core Dividend Tilt Index ETF has a 52 week low of $36.15 and a 52 week high of $44.89. The stock has a market capitalization of $2.77 billion, a PE ratio of 14.82 and a beta of 0.68. The business has a 50 day simple moving average of $43.44 and a two-hundred day simple moving average of $42.38.

Franklin International Core Dividend Tilt Index ETF Company Profile

(Get Free Report)

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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