Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Short Interest Up 109.5% in December

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 208,511 shares, a growth of 109.5% from the December 15th total of 99,546 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 171,953 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 171,953 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

Hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. grew its position in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after purchasing an additional 576 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in Franklin International Core Dividend Tilt Index ETF during the third quarter worth about $29,000. Fifth Third Bancorp purchased a new position in Franklin International Core Dividend Tilt Index ETF during the third quarter worth about $32,000. Crewe Advisors LLC bought a new position in Franklin International Core Dividend Tilt Index ETF in the 2nd quarter worth about $57,000. Finally, Mather Group LLC. purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the 3rd quarter valued at about $64,000.

Franklin International Core Dividend Tilt Index ETF Stock Performance

NYSEARCA DIVI traded up $0.06 during trading on Friday, hitting $40.29. 267,840 shares of the company’s stock traded hands, compared to its average volume of 216,347. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 14.82 and a beta of 0.71. Franklin International Core Dividend Tilt Index ETF has a 12-month low of $28.70 and a 12-month high of $40.40. The business has a 50 day moving average of $38.76 and a 200-day moving average of $37.47.

Franklin International Core Dividend Tilt Index ETF Company Profile

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.