Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Short Interest Update

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 83,260 shares, a growth of 426.7% from the June 30th total of 15,809 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average trading volume of 36,097 shares, the days-to-cover ratio is currently 2.3 days.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Down 1.7%

Franklin Emerging Market Core Dividend Tilt Index ETF stock traded down $0.71 during mid-day trading on Friday, reaching $40.63. 107,817 shares of the company’s stock were exchanged, compared to its average volume of 16,314. The business’s fifty day simple moving average is $42.66 and its 200 day simple moving average is $39.13. Franklin Emerging Market Core Dividend Tilt Index ETF has a one year low of $30.02 and a one year high of $46.58. The firm has a market capitalization of $69.07 million, a PE ratio of 11.48 and a beta of 0.71.

Institutional Investors Weigh In On Franklin Emerging Market Core Dividend Tilt Index ETF

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 250.3% in the 1st 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 last quarter. Raymond James Financial Inc. increased its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 656.4% during the second quarter. Raymond James Financial Inc. now owns 69,911 shares of the company’s stock worth $2,093,000 after buying an additional 60,669 shares during the last quarter. LPL Financial LLC raised its position in 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 worth $6,849,000 after acquiring an additional 58,874 shares during the period. Global Retirement Partners LLC raised its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 71.3% in 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 period. Finally, Royal Bank of Canada purchased a new position in Franklin Emerging Market Core Dividend Tilt Index ETF in the first quarter valued at about $1,414,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Company Profile

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.