Short Interest in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Grows By 426.7%

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 83,260 shares, an increase of 426.7% from the June 30th total of 15,809 shares. Based on an average trading volume of 36,097 shares, the short-interest ratio is currently 2.3 days. Currently, 4.9% of the shares of the company are sold short.

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

A number of institutional investors have recently bought and sold shares of DIEM. Capital Analysts LLC boosted its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 40.7% in the 4th quarter. Capital Analysts LLC now owns 3,276 shares of the company’s stock valued at $110,000 after acquiring an additional 947 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the fourth quarter worth $274,000. Bank of New York Mellon Corp increased its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 45.9% in the first quarter. Bank of New York Mellon Corp now owns 9,512 shares of the company’s stock worth $336,000 after acquiring an additional 2,992 shares during the period. Osaic Holdings Inc. raised its holdings 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 worth $323,000 after purchasing an additional 8,380 shares during the last quarter. Finally, BCS Wealth Management purchased a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the first quarter worth $449,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Down 1.7%

Shares of Franklin Emerging Market Core Dividend Tilt Index ETF stock traded down $0.71 on Friday, reaching $40.63. 107,817 shares of the stock were exchanged, compared to its average volume of 16,314. Franklin Emerging Market Core Dividend Tilt Index ETF has a twelve month low of $30.02 and a twelve month high of $46.58. The firm has a market capitalization of $69.07 million, a price-to-earnings ratio of 11.48 and a beta of 0.71. The business has a 50 day moving average price of $42.66 and a two-hundred day moving average price of $39.13.

About Franklin Emerging Market Core Dividend Tilt Index ETF

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.