Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Down 75.2% in June

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 8,165 shares, a decline of 75.2% from the June 15th total of 32,957 shares. Based on an average daily trading volume, of 37,830 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter valued at about $49,000. Private Trust Co. NA bought a new position in Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter valued at about $54,000. Western Wealth Management LLC acquired a new position in Franklin U.S. Core Dividend Tilt Index ETF during the 1st quarter valued at about $74,000. Integrated Wealth Concepts LLC bought a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF during the 1st quarter worth about $238,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter worth approximately $389,000.

Franklin U.S. Core Dividend Tilt Index ETF Trading Up 0.5%

UDIV traded up $0.33 during trading hours on Friday, hitting $60.74. The company’s stock had a trading volume of 4,819 shares, compared to its average volume of 13,744. Franklin U.S. Core Dividend Tilt Index ETF has a fifty-two week low of $48.50 and a fifty-two week high of $68.06. The firm has a market capitalization of $139.70 million, a PE ratio of 24.12 and a beta of 0.89. The company has a 50-day simple moving average of $59.77 and a 200 day simple moving average of $55.96.

Franklin U.S. 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. 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.