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

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. Based on an average daily trading volume, of 12,451 shares, the days-to-cover ratio is currently 4.3 days. Currently, 5.9% of the shares of the stock are sold short. Currently, 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,451 shares, the days-to-cover ratio is currently 4.3 days.

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

Several institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 250.3% during 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 in the last quarter. Global Retirement Partners LLC purchased a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF during the second quarter valued at $2,442,000. Raymond James Financial Inc. lifted its position 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 valued at $2,093,000 after purchasing an additional 60,669 shares during the last quarter. Sequent Planning LLC purchased a new stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the 3rd quarter valued at about $435,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 4.6% in the 4th quarter. Sanctuary Advisors LLC now owns 20,608 shares of the company’s stock valued at $693,000 after acquiring an additional 898 shares during the last quarter.

Franklin Emerging Market Core Dividend Tilt Index ETF Price Performance

Shares of NYSEARCA DIEM traded down $0.13 during mid-day trading on Tuesday, reaching $36.45. The company’s stock had a trading volume of 8,702 shares, compared to its average volume of 14,393. 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 stock has a fifty day moving average of $34.27 and a two-hundred day moving average of $32.78. The firm has a market capitalization of $36.45 million, a PE ratio of 11.48 and a beta of 0.64.

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.