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

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 8,645 shares, a drop of 40.1% from the April 15th total of 14,440 shares. Based on an average daily volume of 1,815 shares, the short-interest ratio is presently 4.8 days. Currently, 0.6% of the company’s shares are short sold.

Franklin International Dividend Multiplier Index ETF Stock Up 1.1%

Shares of XIDV traded up $0.43 during trading on Monday, reaching $38.22. 3,730 shares of the company traded hands, compared to its average volume of 4,021. Franklin International Dividend Multiplier Index ETF has a twelve month low of $30.03 and a twelve month high of $38.24. The stock has a market cap of $57.33 million, a PE ratio of 12.12 and a beta of 0.11. The stock has a 50-day simple moving average of $36.71 and a 200-day simple moving average of $35.25.

Institutional Investors Weigh In On Franklin International Dividend Multiplier Index ETF

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in shares of Franklin International Dividend Multiplier Index ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 110,360 shares of the company’s stock valued at $3,565,000 after acquiring an additional 2,947 shares during the last quarter. Susquehanna International Group LLP boosted its stake 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. Invested Advisors purchased a new position in shares of Franklin International Dividend Multiplier Index ETF in the fourth quarter valued at approximately $372,000. Finally, Franklin Resources Inc. purchased a new position in shares of Franklin International Dividend Multiplier Index ETF in the fourth quarter valued at approximately $28,944,000.

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.