Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Stock Short Interest Jumps 128.1%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 275,582 shares, an increase of 128.1% from the September 15th total of 120,819 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 272,145 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Franklin International Core Dividend Tilt Index ETF

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

Franklin International Core Dividend Tilt Index ETF Stock Performance

Shares of DIVI stock traded up $0.19 during mid-day trading on Thursday, hitting $42.36. 47,314 shares of the stock traded hands, compared to its average volume of 209,789. Franklin International Core Dividend Tilt Index ETF has a twelve month low of $36.79 and a twelve month high of $44.89. The company’s 50-day simple moving average is $43.72 and its 200-day simple moving average is $42.94. The firm has a market cap of $2.63 billion, a price-to-earnings 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.