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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 236,053 shares, a drop of 49.5% from the February 12th total of 467,576 shares. Based on an average daily trading volume, of 229,081 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 229,081 shares, the days-to-cover ratio is presently 1.0 days.

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

A number of large investors have recently modified their holdings of DIVI. Sunbelt Securities Inc. increased its holdings in Franklin International Core Dividend Tilt Index ETF by 677.6% in the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after purchasing an additional 576 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 3rd quarter valued at $29,000. Fifth Third Bancorp acquired a new position in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter valued at about $32,000. Assetmark Inc. raised its stake in Franklin International Core Dividend Tilt Index ETF by 950.0% during the 4th quarter. Assetmark Inc. now owns 945 shares of the company’s stock worth $37,000 after buying an additional 855 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock worth $42,000 after purchasing an additional 250 shares in the last quarter.

Franklin International Core Dividend Tilt Index ETF Trading Down 0.9%

Shares of NYSEARCA:DIVI traded down $0.35 during trading on Friday, hitting $39.45. 129,591 shares of the company were exchanged, compared to its average volume of 273,765. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 14.82 and a beta of 0.71. The firm has a fifty day moving average price of $41.20 and a two-hundred day moving average price of $39.04. Franklin International Core Dividend Tilt Index ETF has a fifty-two week low of $28.70 and a fifty-two week high of $43.21.

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.