Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Update

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 24,434 shares, an increase of 134.7% from the August 15th total of 10,411 shares. Based on an average trading volume of 11,064 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.0% of the company’s shares are short sold.

Franklin U.S. Core Dividend Tilt Index ETF Trading Down 0.5%

Shares of UDIV stock traded down $0.29 during trading hours on Tuesday, reaching $60.92. 1,695 shares of the stock were exchanged, compared to its average volume of 12,228. The firm has a market capitalization of $143.17 million, a price-to-earnings ratio of 24.12 and a beta of 0.89. Franklin U.S. Core Dividend Tilt Index ETF has a 12-month low of $50.02 and a 12-month high of $68.06. The company’s 50-day moving average price is $61.03 and its 200-day moving average price is $58.24.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. MCF Advisors LLC bought a new position in Franklin U.S. Core Dividend Tilt Index ETF in the 2nd quarter valued at $307,000. BAM Wealth Management LLC lifted its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 32.1% during the second quarter. BAM Wealth Management LLC now owns 30,418 shares of the company’s stock worth $1,828,000 after purchasing an additional 7,387 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF during the first quarter valued at $74,000. Cetera Investment Advisers boosted its stake in shares of Franklin U.S. Core Dividend Tilt Index ETF by 3.7% during the first quarter. Cetera Investment Advisers now owns 54,361 shares of the company’s stock valued at $2,806,000 after purchasing an additional 1,961 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Franklin U.S. Core Dividend Tilt Index ETF by 52.5% in the first quarter. Bank of New York Mellon Corp now owns 21,956 shares of the company’s stock worth $1,133,000 after purchasing an additional 7,562 shares during the last quarter.

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.