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

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

Franklin U.S. Core Dividend Tilt Index ETF Stock Performance

Shares of UDIV stock traded down $0.18 during trading hours 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 12-month low of $49.80 and a 12-month high of $68.06. The company has a market capitalization of $145.25 million, a price-to-earnings ratio of 24.12 and a beta of 0.89. The stock has a fifty day moving average of $60.62 and a 200-day moving average of $57.67.

Institutional Investors Weigh In On Franklin U.S. Core Dividend Tilt Index ETF

A number of hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter valued at approximately $49,000. Western Wealth Management LLC acquired a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the first quarter valued at $74,000. Integrated Wealth Concepts LLC acquired a new position in Franklin U.S. Core Dividend Tilt Index ETF in the 1st quarter valued at about $238,000. Goldman Sachs Group Inc. purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the 4th quarter worth approximately $389,000. Finally, Bank of America Corp DE increased its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 208.2% during the second quarter. Bank of America Corp DE now owns 9,573 shares of the company’s stock worth $462,000 after acquiring an additional 6,467 shares during the period.

Franklin U.S. 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. 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.