Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Stock Short Interest Jumps 251.6%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 120,819 shares, a growth of 251.6% from the August 31st total of 34,367 shares. Based on an average trading volume of 143,646 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

A number of hedge funds have recently modified their holdings of DIVI. Johnson Financial Group Inc. acquired a new position in Franklin International Core Dividend Tilt Index ETF in the 1st quarter valued at about $33,000. Rockefeller Capital Management L.P. bought a new position in Franklin International Core Dividend Tilt Index ETF in the 4th quarter valued at about $139,000. NFSG Corp lifted its position in Franklin International Core Dividend Tilt Index ETF by 78.3% during the first quarter. NFSG Corp now owns 4,230 shares of the company’s stock worth $168,000 after acquiring an additional 1,857 shares during the last quarter. Earned Wealth Advisors LLC acquired a new stake in Franklin International Core Dividend Tilt Index ETF during the first quarter worth approximately $215,000. Finally, Independent Financial Group LLC bought a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the first quarter worth approximately $244,000.

Franklin International Core Dividend Tilt Index ETF Trading Up 1.0%

DIVI opened at $43.30 on Friday. The stock’s fifty day simple moving average is $43.89 and its 200 day simple moving average is $42.66. Franklin International Core Dividend Tilt Index ETF has a 1-year low of $36.75 and a 1-year high of $44.89. The stock has a market cap of $2.69 billion, a PE ratio of 14.82 and a beta of 0.68.

About Franklin International Core Dividend Tilt Index ETF

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® Developed Markets ex-North America Target Market Exposure 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.