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

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 115,594 shares, a growth of 2,537.9% from the June 15th total of 4,382 shares. Based on an average trading volume of 2,256 shares, the days-to-cover ratio is currently 51.2 days. Approximately 10.5% of the shares of the company are short sold.

Franklin International Dividend Multiplier Index ETF Price Performance

XIDV stock traded up $0.11 during midday trading on Friday, hitting $36.96. 1,036 shares of the stock traded hands, compared to its average volume of 7,453. The firm has a market cap of $40.66 million, a P/E ratio of 12.12 and a beta of 0.11. The stock’s fifty day simple moving average is $37.74 and its 200-day simple moving average is $36.57. Franklin International Dividend Multiplier Index ETF has a 1-year low of $30.43 and a 1-year high of $39.00.

Institutional Investors Weigh In On Franklin International Dividend Multiplier Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in XIDV. Invested Advisors acquired a new stake in Franklin International Dividend Multiplier Index ETF in the 4th quarter valued at about $372,000. Susquehanna International Group LLP boosted its holdings in shares of Franklin International Dividend Multiplier Index ETF by 9.1% during the 3rd quarter. Susquehanna International Group LLP now owns 61,674 shares of the company’s stock worth $1,992,000 after purchasing an additional 5,149 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Franklin International Dividend Multiplier Index ETF during the 4th quarter worth approximately $28,944,000.

Franklin International Dividend Multiplier Index ETF Company Profile

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.