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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 208,511 shares, an increase of 109.5% from the December 15th total of 99,546 shares. Based on an average trading volume of 171,953 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 171,953 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Franklin International Core Dividend Tilt Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DIVI. Sunbelt Securities Inc. grew its holdings in Franklin International Core Dividend Tilt Index ETF by 677.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock worth $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 during the third quarter worth about $29,000. Fifth Third Bancorp acquired a new position in Franklin International Core Dividend Tilt Index ETF in the third quarter worth about $32,000. Crewe Advisors LLC bought a new stake in Franklin International Core Dividend Tilt Index ETF in the second quarter valued at about $57,000. Finally, Mather Group LLC. acquired a new stake in Franklin International Core Dividend Tilt Index ETF during the third quarter valued at approximately $64,000.

Franklin International Core Dividend Tilt Index ETF Stock Up 0.5%

Shares of NYSEARCA:DIVI opened at $40.18 on Thursday. The company has a 50-day moving average price of $38.71 and a 200 day moving average price of $37.45. Franklin International Core Dividend Tilt Index ETF has a 52 week low of $28.70 and a 52 week high of $40.35. The company has a market cap of $2.15 billion, a P/E ratio of 14.82 and a beta of 0.71.

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.