Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Sees Significant Decrease in Short Interest

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 8,645 shares, a decrease of 40.1% from the April 15th total of 14,440 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,815 shares, the short-interest ratio is currently 4.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. bought a new position in shares of Franklin International Dividend Multiplier Index ETF in the fourth quarter valued at $28,944,000. Invested Advisors bought a new position in shares of Franklin International Dividend Multiplier Index ETF in the fourth quarter valued at $372,000. Susquehanna International Group LLP increased its holdings in shares of Franklin International Dividend Multiplier Index ETF by 9.1% in the third quarter. Susquehanna International Group LLP now owns 61,674 shares of the company’s stock valued at $1,992,000 after buying an additional 5,149 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Franklin International Dividend Multiplier Index ETF by 2.7% in the third quarter. Envestnet Asset Management Inc. now owns 110,360 shares of the company’s stock valued at $3,565,000 after buying an additional 2,947 shares in the last quarter.

Franklin International Dividend Multiplier Index ETF Stock Performance

Shares of NYSEARCA XIDV traded down $0.35 during trading on Friday, hitting $37.79. The company had a trading volume of 1,564 shares, compared to its average volume of 4,024. The company has a market cap of $56.69 million, a P/E ratio of 12.12 and a beta of 0.11. Franklin International Dividend Multiplier Index ETF has a 52 week low of $30.03 and a 52 week high of $38.24. The business’s 50-day moving average is $36.71 and its 200 day moving average is $35.23.

About Franklin International Dividend Multiplier Index ETF

The Franklin International Dividend Multiplier Index ETF (XIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of large- and mid-cap companies from developed markets, excluding the US. The fund uses an optimizer that aims for high dividend yield balanced against volatility relative to the broad international equity market. XIDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.