Short Interest in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Grows By 32.8%

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 53,526 shares, an increase of 32.8% from the December 31st total of 40,317 shares. Approximately 5.9% of the shares of the stock are short sold. Based on an average trading volume of 12,451 shares, the days-to-cover ratio is presently 4.3 days. Based on an average trading volume of 12,451 shares, the days-to-cover ratio is presently 4.3 days. Approximately 5.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Franklin Emerging Market Core Dividend Tilt Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequent Planning LLC acquired a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the 3rd quarter valued at about $435,000. Sanctuary Advisors LLC grew its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 4.6% in the fourth 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. Raymond James Financial Inc. increased its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 656.4% during the second quarter. Raymond James Financial Inc. now owns 69,911 shares of the company’s stock worth $2,093,000 after acquiring an additional 60,669 shares during the last quarter. Jane Street Group LLC raised its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 250.3% in the first quarter. Jane Street Group LLC now owns 86,027 shares of the company’s stock valued at $2,334,000 after purchasing an additional 61,466 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF in the second quarter valued at $2,442,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Trading Up 0.4%

DIEM traded up $0.15 during midday trading on Monday, hitting $36.57. 23,963 shares of the company traded hands, compared to its average volume of 14,644. The business has a 50 day simple moving average of $34.19 and a two-hundred day simple moving average of $32.74. Franklin Emerging Market Core Dividend Tilt Index ETF has a 52-week low of $24.08 and a 52-week high of $37.41. The company has a market capitalization of $36.57 million, a price-to-earnings ratio of 11.48 and a beta of 0.64.

About Franklin Emerging Market 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 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.