Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Sees Significant Decrease in Short Interest

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 8,645 shares, a decline of 40.1% from the April 15th total of 14,440 shares. Based on an average daily volume of 1,815 shares, the short-interest ratio is presently 4.8 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Franklin International Dividend Multiplier Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. bought a new stake in Franklin International Dividend Multiplier Index ETF during the fourth quarter worth approximately $28,944,000. Envestnet Asset Management Inc. raised its holdings in Franklin International Dividend Multiplier Index ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 110,360 shares of the company’s stock worth $3,565,000 after purchasing an additional 2,947 shares in the last quarter. Susquehanna International Group LLP raised its holdings in Franklin International Dividend Multiplier Index ETF by 9.1% during the third quarter. Susquehanna International Group LLP now owns 61,674 shares of the company’s stock worth $1,992,000 after purchasing an additional 5,149 shares in the last quarter. Finally, Invested Advisors bought a new stake in Franklin International Dividend Multiplier Index ETF during the fourth quarter worth approximately $372,000.

Franklin International Dividend Multiplier Index ETF Trading Down 0.9%

NYSEARCA:XIDV traded down $0.35 during midday trading on Friday, hitting $37.79. 1,564 shares of the stock were exchanged, compared to its average volume of 4,024. Franklin International Dividend Multiplier Index ETF has a one year low of $30.03 and a one year high of $38.24. The company has a market capitalization of $56.69 million, a price-to-earnings ratio of 12.12 and a beta of 0.11. The business has a 50-day moving average price of $36.71 and a two-hundred day moving average price of $35.23.

About Franklin International Dividend Multiplier Index ETF

The Franklin International Dividend Multiplier Index ETF (XIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of large- and mid-cap companies from developed markets, excluding the US. The fund uses an optimizer that aims for high dividend yield balanced against volatility relative to the broad international equity market. XIDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.