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

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 44,904 shares, an increase of 30.0% from the February 12th total of 34,529 shares. Based on an average daily volume of 16,219 shares, the days-to-cover ratio is presently 2.8 days. Approximately 4.5% of the company’s stock are short sold. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 16,219 shares, the days-to-cover ratio is presently 2.8 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIEM. Global Retirement Partners LLC purchased a new stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the 2nd quarter valued at $2,442,000. LPL Financial LLC raised its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 40.6% during the fourth quarter. LPL Financial LLC now owns 203,774 shares of the company’s stock valued at $6,849,000 after acquiring an additional 58,874 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 674.7% during the fourth quarter. Osaic Holdings Inc. now owns 9,622 shares of the company’s stock valued at $323,000 after buying an additional 8,380 shares during the period. Indivisible Partners purchased a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the 4th quarter valued at approximately $530,000. Finally, Sanctuary Advisors LLC boosted its holdings 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 valued at $693,000 after buying an additional 898 shares in the last quarter.

Franklin Emerging Market Core Dividend Tilt Index ETF Price Performance

Shares of Franklin Emerging Market Core Dividend Tilt Index ETF stock traded up $0.65 on Monday, reaching $36.26. 34,392 shares of the company traded hands, compared to its average volume of 14,956. Franklin Emerging Market Core Dividend Tilt Index ETF has a 52 week low of $24.08 and a 52 week high of $39.03. The company has a 50 day moving average of $36.62 and a 200 day moving average of $34.13. The firm has a market capitalization of $36.26 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.