Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Short Interest Down 50.7% in May

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 17,033 shares, a drop of 50.7% from the May 14th total of 34,548 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 10,741 shares, the days-to-cover ratio is presently 1.6 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Analysts LLC grew its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 40.7% in the fourth quarter. Capital Analysts LLC now owns 3,276 shares of the company’s stock worth $110,000 after acquiring an additional 947 shares during the period. Cetera Investment Advisers bought a new position in Franklin Emerging Market Core Dividend Tilt Index ETF in the fourth quarter valued at about $274,000. Osaic Holdings Inc. lifted its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 674.7% in the fourth quarter. Osaic Holdings Inc. now owns 9,622 shares of the company’s stock valued at $323,000 after acquiring an additional 8,380 shares during the period. Bank of New York Mellon Corp boosted its position in 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 purchasing an additional 2,992 shares during the last quarter. Finally, Sequent Planning LLC purchased a new position in Franklin Emerging Market Core Dividend Tilt Index ETF in the third quarter worth about $435,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Price Performance

Shares of NYSEARCA DIEM opened at $43.41 on Friday. Franklin Emerging Market Core Dividend Tilt Index ETF has a 1 year low of $28.79 and a 1 year high of $45.17. The firm has a 50-day moving average of $40.53 and a 200 day moving average of $37.16. The stock has a market cap of $56.43 million, a P/E ratio of 11.48 and a beta of 0.71.

Franklin Emerging Market Core Dividend Tilt Index ETF Company Profile

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.