Short Interest in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Drops By 27.3%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 171,682 shares, a decline of 27.3% from the February 26th total of 236,053 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 342,333 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. grew its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% during the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after buying an additional 576 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the third quarter worth approximately $29,000. Fifth Third Bancorp bought a new position in shares of Franklin International Core Dividend Tilt Index ETF in the third quarter valued at approximately $32,000. Assetmark Inc. lifted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 950.0% in the fourth quarter. Assetmark Inc. now owns 945 shares of the company’s stock valued at $37,000 after purchasing an additional 855 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock valued at $42,000 after buying an additional 250 shares during the last quarter.

Franklin International Core Dividend Tilt Index ETF Price Performance

Shares of NYSEARCA:DIVI traded up $0.09 during trading on Monday, reaching $38.65. 179,309 shares of the stock were exchanged, compared to its average volume of 264,723. Franklin International Core Dividend Tilt Index ETF has a 1-year low of $28.70 and a 1-year high of $43.21. The stock has a fifty day moving average of $41.07 and a two-hundred day moving average of $39.25. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 14.82 and a beta of 0.71.

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.