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

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 99,546 shares, a decline of 25.5% from the November 30th total of 133,667 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 165,698 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 165,698 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Franklin International Core Dividend Tilt Index ETF Stock Performance

Shares of DIVI stock traded down $0.18 during trading hours on Wednesday, hitting $38.89. The company had a trading volume of 132,003 shares, compared to its average volume of 226,587. Franklin International Core Dividend Tilt Index ETF has a 12 month low of $28.70 and a 12 month high of $39.36. The firm’s fifty day moving average is $38.34 and its 200 day moving average is $37.12. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 14.82 and a beta of 0.71.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 1.1% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 26,384 shares of the company’s stock valued at $984,000 after purchasing an additional 277 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Franklin International Core Dividend Tilt Index ETF by 5.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,488 shares of the company’s stock worth $267,000 after purchasing an additional 377 shares in the last quarter. LOM Asset Management Ltd lifted its holdings in Franklin International Core Dividend Tilt Index ETF by 5.9% during the 3rd quarter. LOM Asset Management Ltd now owns 7,575 shares of the company’s stock valued at $283,000 after purchasing an additional 420 shares during the last quarter. Bank of Montreal Can boosted its position in Franklin International Core Dividend Tilt Index ETF by 6.9% in the second quarter. Bank of Montreal Can now owns 6,773 shares of the company’s stock valued at $241,000 after buying an additional 438 shares in the last quarter. Finally, Burns Matteson Capital Management LLC boosted its position in Franklin International Core Dividend Tilt Index ETF by 6.9% in the third quarter. Burns Matteson Capital Management LLC now owns 8,659 shares of the company’s stock valued at $323,000 after buying an additional 559 shares in the last quarter.

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.