Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Update

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 23,940 shares, an increase of 117.2% from the July 15th total of 11,022 shares. Based on an average daily trading volume, of 7,894 shares, the short-interest ratio is currently 3.0 days. Currently, 1.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Franklin U.S. Core Dividend Tilt Index ETF

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 47.6% during the fourth quarter. LPL Financial LLC now owns 251,636 shares of the company’s stock worth $13,374,000 after purchasing an additional 81,133 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Franklin U.S. Core Dividend Tilt Index ETF by 2,715.8% in the fourth quarter. Franklin Resources Inc. now owns 450,972 shares of the company’s stock valued at $23,969,000 after purchasing an additional 434,956 shares in the last quarter. CreativeOne Wealth LLC increased its stake in Franklin U.S. Core Dividend Tilt Index ETF by 10.8% during the 4th quarter. CreativeOne Wealth LLC now owns 510,565 shares of the company’s stock worth $27,136,000 after buying an additional 49,864 shares during the period. Sanctuary Advisors LLC increased its stake in Franklin U.S. Core Dividend Tilt Index ETF by 8.4% during the 4th quarter. Sanctuary Advisors LLC now owns 46,021 shares of the company’s stock worth $2,446,000 after buying an additional 3,575 shares during the period. Finally, Private Trust Co. NA acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the 4th quarter worth approximately $54,000.

Franklin U.S. Core Dividend Tilt Index ETF Stock Performance

Shares of NYSEARCA UDIV traded down $0.14 during trading on Friday, reaching $62.41. The stock had a trading volume of 11,086 shares, compared to its average volume of 12,844. The company has a market cap of $146.66 million, a P/E ratio of 24.12 and a beta of 0.89. Franklin U.S. Core Dividend Tilt Index ETF has a fifty-two week low of $49.56 and a fifty-two week high of $68.06. The business’s 50-day moving average price is $60.28 and its 200-day moving average price is $57.16.

About Franklin U.S. Core Dividend Tilt Index ETF

Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the index. The index is based on the Morningstar® US 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.