Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Sees Large Drop in Short Interest

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 22,359 shares, a drop of 80.7% from the June 30th total of 115,594 shares. Based on an average daily volume of 2,354 shares, the days-to-cover ratio is presently 9.5 days. Approximately 1.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Franklin International Dividend Multiplier Index ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. purchased a new position in shares of Franklin International Dividend Multiplier Index ETF during the fourth quarter worth approximately $28,944,000. Invested Advisors purchased a new stake in shares of Franklin International Dividend Multiplier Index ETF in the fourth quarter valued at approximately $372,000. Finally, Susquehanna International Group LLP boosted its holdings in shares of Franklin International Dividend Multiplier Index ETF by 9.1% in the third quarter. Susquehanna International Group LLP now owns 61,674 shares of the company’s stock valued at $1,992,000 after purchasing an additional 5,149 shares during the period.

Franklin International Dividend Multiplier Index ETF Trading Up 0.8%

NYSEARCA XIDV opened at $37.65 on Friday. The company’s 50-day moving average price is $37.64 and its 200-day moving average price is $36.80. The stock has a market cap of $45.18 million, a PE ratio of 12.12 and a beta of 0.11. Franklin International Dividend Multiplier Index ETF has a 12 month low of $30.67 and a 12 month high of $39.00.

About Franklin International Dividend Multiplier Index ETF

The Franklin International Dividend Multiplier Index ETF (XIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of large- and mid-cap companies from developed markets, excluding the US. The fund uses an optimizer that aims for high dividend yield balanced against volatility relative to the broad international equity market. XIDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.