Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Short Interest Up 83.2% in April

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 50,013 shares, an increase of 83.2% from the April 15th total of 27,294 shares. Based on an average daily volume of 12,796 shares, the days-to-cover ratio is currently 3.9 days. Currently, 3.8% of the shares of the stock are sold short.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada acquired a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the 1st quarter worth $1,414,000. Bank of New York Mellon Corp grew its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 45.9% in the 1st quarter. Bank of New York Mellon Corp now owns 9,512 shares of the company’s stock valued at $336,000 after acquiring an additional 2,992 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 9.0% in the 1st quarter. Sanctuary Advisors LLC now owns 22,469 shares of the company’s stock valued at $794,000 after acquiring an additional 1,861 shares during the last quarter. Sequent Planning LLC grew its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 23.3% in the 1st quarter. Sequent Planning LLC now owns 22,737 shares of the company’s stock valued at $804,000 after acquiring an additional 4,294 shares during the last quarter. Finally, BCS Wealth Management acquired a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF in the 1st quarter valued at about $449,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Up 0.4%

NYSEARCA:DIEM opened at $40.90 on Tuesday. Franklin Emerging Market Core Dividend Tilt Index ETF has a fifty-two week low of $28.37 and a fifty-two week high of $42.66. The stock has a market cap of $53.17 million, a PE ratio of 11.48 and a beta of 0.69. The firm’s fifty day simple moving average is $37.80 and its 200-day simple moving average is $35.91.

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.