Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Stock Short Interest Declines 36.5%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 174,880 shares, a drop of 36.5% from the September 30th total of 275,582 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 147,463 shares, the days-to-cover ratio is presently 1.2 days.

Franklin International Core Dividend Tilt Index ETF Stock Down 0.3%

Shares of DIVI stock traded down $0.13 during mid-day trading on Monday, reaching $42.62. 6,985 shares of the company’s stock traded hands, compared to its average volume of 207,202. The company’s 50-day moving average price is $43.22 and its 200-day moving average price is $42.42. The company has a market cap of $2.65 billion, a P/E ratio of 14.82 and a beta of 0.68. Franklin International Core Dividend Tilt Index ETF has a 12 month low of $36.79 and a 12 month high of $44.89.

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

A number of large investors have recently added to or reduced their stakes in DIVI. Titleist Asset Management LLC grew its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 1.4% in the third quarter. Titleist Asset Management LLC now owns 20,457 shares of the company’s stock worth $873,000 after acquiring an additional 277 shares during the period. Castle Wealth Management LLC increased its position in shares of Franklin International Core Dividend Tilt Index ETF by 0.4% during the 1st quarter. Castle Wealth Management LLC now owns 122,233 shares of the company’s stock valued at $4,866,000 after purchasing an additional 498 shares during the last quarter. IFP Advisors Inc increased its position in shares of Franklin International Core Dividend Tilt Index ETF by 9.9% during the 3rd quarter. IFP Advisors Inc now owns 6,357 shares of the company’s stock valued at $271,000 after purchasing an additional 574 shares during the last quarter. Latitude Advisors LLC bought a new position in shares of Franklin International Core Dividend Tilt Index ETF in the 3rd quarter worth approximately $35,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF in the first quarter worth approximately $33,000.

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.