Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Down 75.2% in June

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 8,165 shares, a decline of 75.2% from the June 15th total of 32,957 shares. Based on an average daily trading volume, of 37,830 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the shares of the company are short sold.

Franklin U.S. Core Dividend Tilt Index ETF Price Performance

Shares of NYSEARCA:UDIV opened at $60.24 on Tuesday. The stock has a market cap of $138.55 million, a P/E ratio of 24.12 and a beta of 0.89. Franklin U.S. Core Dividend Tilt Index ETF has a 1-year low of $48.50 and a 1-year high of $68.06. The firm has a fifty day moving average price of $59.82 and a 200 day moving average price of $56.01.

Hedge Funds Weigh In On Franklin U.S. Core Dividend Tilt Index ETF

A number of large investors have recently bought and sold shares of the company. Western Wealth Management LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the first quarter valued at about $74,000. Arkadios Wealth Advisors lifted its stake in shares of Franklin U.S. Core Dividend Tilt Index ETF by 3.5% in the first quarter. Arkadios Wealth Advisors now owns 59,522 shares of the company’s stock valued at $3,072,000 after purchasing an additional 2,026 shares during the period. Cetera Investment Advisers grew its position in 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 worth $2,806,000 after buying an additional 1,961 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Franklin U.S. Core Dividend Tilt Index ETF by 52.5% during the 1st quarter. Bank of New York Mellon Corp now owns 21,956 shares of the company’s stock valued at $1,133,000 after acquiring an additional 7,562 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in Franklin U.S. Core Dividend Tilt Index ETF by 14.1% in the 1st quarter. Sanctuary Advisors LLC now owns 52,487 shares of the company’s stock valued at $2,709,000 after purchasing an additional 6,466 shares in the last quarter.

About Franklin U.S. Core Dividend Tilt Index ETF

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.