Short Interest in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Drops By 50.7%

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 17,033 shares, a decline of 50.7% from the May 14th total of 34,548 shares. Based on an average daily trading volume, of 10,741 shares, the short-interest ratio is currently 1.6 days. Currently, 1.3% of the company’s shares are sold short.

Franklin Emerging Market Core Dividend Tilt Index ETF Trading Up 3.0%

Shares of DIEM stock traded up $1.30 on Monday, hitting $44.71. The stock had a trading volume of 6,413 shares, compared to its average volume of 13,891. Franklin Emerging Market Core Dividend Tilt Index ETF has a twelve month low of $28.79 and a twelve month high of $45.17. The firm has a market cap of $58.12 million, a P/E ratio of 11.48 and a beta of 0.71. The company has a fifty day moving average price of $40.72 and a two-hundred day moving average price of $37.28.

Hedge Funds Weigh In On Franklin Emerging Market Core Dividend Tilt Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 250.3% during 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 in the last quarter. Raymond James Financial Inc. lifted its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 656.4% during the 2nd 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 in the last quarter. Sequent Planning LLC bought a new stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the 3rd quarter valued at about $435,000. Sanctuary Advisors LLC boosted its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 4.6% during the 4th quarter. Sanctuary Advisors LLC now owns 20,608 shares of the company’s stock worth $693,000 after acquiring an additional 898 shares during the period. Finally, Indivisible Partners bought a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the 4th quarter worth approximately $530,000.

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.