Short Interest in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Declines By 56.5%

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 10,411 shares, a drop of 56.5% from the July 30th total of 23,940 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 9,946 shares, the short-interest ratio is currently 1.0 days.

Franklin U.S. Core Dividend Tilt Index ETF Stock Down 0.3%

UDIV traded down $0.18 on Friday, reaching $61.81. The company had a trading volume of 3,843 shares, compared to its average volume of 12,408. Franklin U.S. Core Dividend Tilt Index ETF has a 1 year low of $49.80 and a 1 year high of $68.06. The stock has a market capitalization of $145.25 million, a PE ratio of 24.12 and a beta of 0.89. The stock has a 50-day moving average price of $60.62 and a 200-day moving average price of $57.67.

Hedge Funds Weigh In On Franklin U.S. Core Dividend Tilt Index ETF

A number of large investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in shares of Franklin U.S. Core Dividend Tilt Index ETF by 2,715.8% in the 4th quarter. Franklin Resources Inc. now owns 450,972 shares of the company’s stock valued at $23,969,000 after buying an additional 434,956 shares during the period. LPL Financial LLC grew its holdings in Franklin U.S. Core Dividend Tilt Index ETF by 47.6% during the fourth quarter. LPL Financial LLC now owns 251,636 shares of the company’s stock worth $13,374,000 after acquiring an additional 81,133 shares during the period. Raymond James Financial Inc. purchased a new position in Franklin U.S. Core Dividend Tilt Index ETF in the second quarter worth $2,529,000. CreativeOne Wealth LLC raised its position in Franklin U.S. Core Dividend Tilt Index ETF by 10.8% in the fourth quarter. CreativeOne Wealth LLC now owns 510,565 shares of the company’s stock worth $27,136,000 after acquiring an additional 49,864 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the third quarter valued at $692,000.

About Franklin U.S. 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. The index is based on the Morningstar® US 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.