Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV – Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 19,945 shares, a decline of 34.8% from the May 14th total of 30,585 shares. Based on an average trading volume of 27,776 shares, the short-interest ratio is presently 0.7 days. Currently, 0.9% of the shares of the company are sold short.
Franklin U.S. Core Dividend Tilt Index ETF Trading Down 1.3%
NYSEARCA UDIV opened at $59.78 on Thursday. The stock’s 50 day moving average is $58.26 and its two-hundred day moving average is $55.17. The company has a market capitalization of $125.54 million, a price-to-earnings ratio of 24.12 and a beta of 0.89. Franklin U.S. Core Dividend Tilt Index ETF has a 1-year low of $46.34 and a 1-year high of $68.06.
Institutional Investors Weigh In On Franklin U.S. Core Dividend Tilt Index ETF
A number of institutional investors have recently added to or reduced their stakes in UDIV. Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter valued at approximately $49,000. Private Trust Co. NA acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter valued at approximately $54,000. Western Wealth Management LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the first quarter valued at approximately $74,000. Integrated Wealth Concepts LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the first quarter valued at approximately $238,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter valued at approximately $389,000.
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.
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