Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Sees Significant Decline in Short Interest

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 30,179 shares, a drop of 43.6% from the January 15th total of 53,526 shares. Based on an average daily volume of 16,045 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.0% of the shares of the company are short sold. Currently, 3.0% of the shares of the company are short sold. Based on an average daily volume of 16,045 shares, the days-to-cover ratio is currently 1.9 days.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Up 0.5%

DIEM traded up $0.19 during mid-day trading on Friday, reaching $37.82. 17,721 shares of the company traded hands, compared to its average volume of 16,121. The company’s fifty day moving average price is $35.03 and its 200-day moving average price is $33.16. The stock has a market capitalization of $37.82 million, a P/E ratio of 11.48 and a beta of 0.64. Franklin Emerging Market Core Dividend Tilt Index ETF has a 52-week low of $24.08 and a 52-week high of $38.54.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Capital Analysts LLC boosted its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 40.7% in the fourth quarter. Capital Analysts LLC now owns 3,276 shares of the company’s stock worth $110,000 after purchasing an additional 947 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 40.6% in the 4th quarter. LPL Financial LLC now owns 203,774 shares of the company’s stock worth $6,849,000 after purchasing an additional 58,874 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 62.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,670 shares of the company’s stock worth $527,000 after purchasing an additional 6,031 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the fourth quarter worth approximately $1,315,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 71.3% in the fourth quarter. Global Retirement Partners LLC now owns 139,511 shares of the company’s stock worth $4,689,000 after buying an additional 58,090 shares during the last quarter.

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.