Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Short Interest Down 27.3% in March

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 171,682 shares, a drop of 27.3% from the February 26th total of 236,053 shares. Based on an average trading volume of 342,333 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

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

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 138.4% during the second quarter. Bank of America Corp DE now owns 1,519,906 shares of the company’s stock worth $54,169,000 after buying an additional 882,367 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Franklin International Core Dividend Tilt Index ETF by 1,272.1% during the 3rd quarter. Franklin Resources Inc. now owns 562,076 shares of the company’s stock worth $20,971,000 after buying an additional 521,110 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Franklin International Core Dividend Tilt Index ETF by 801.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 413,451 shares of the company’s stock valued at $14,735,000 after acquiring an additional 367,565 shares during the last quarter. Retirement Planning Group LLC increased its stake in shares of Franklin International Core Dividend Tilt Index ETF by 6.9% in the 3rd quarter. Retirement Planning Group LLC now owns 4,784,732 shares of the company’s stock valued at $178,518,000 after acquiring an additional 308,899 shares during the last quarter. Finally, CWM LLC raised its position in shares of Franklin International Core Dividend Tilt Index ETF by 31.3% in the 3rd quarter. CWM LLC now owns 1,090,174 shares of the company’s stock valued at $40,674,000 after acquiring an additional 259,683 shares during the period.

Franklin International Core Dividend Tilt Index ETF Stock Performance

DIVI opened at $38.56 on Friday. The company has a fifty day moving average price of $41.07 and a two-hundred day moving average price of $39.23. The firm has a market capitalization of $2.09 billion, a PE ratio of 14.82 and a beta of 0.71. Franklin International Core Dividend Tilt Index ETF has a 52 week low of $28.70 and a 52 week high of $43.21.

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.