Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Sees Large Increase in Short Interest

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 83,260 shares, an increase of 426.7% from the June 30th total of 15,809 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily trading volume, of 36,097 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DIEM. Capital Analysts LLC boosted its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 40.7% in the fourth quarter. Capital Analysts LLC now owns 3,276 shares of the company’s stock valued at $110,000 after purchasing an additional 947 shares in the last quarter. Cetera Investment Advisers acquired a new position in Franklin Emerging Market Core Dividend Tilt Index ETF in the 4th quarter valued at $274,000. Bank of New York Mellon Corp lifted its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 45.9% in the first quarter. Bank of New York Mellon Corp now owns 9,512 shares of the company’s stock valued at $336,000 after purchasing an additional 2,992 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 674.7% in the 4th quarter. Osaic Holdings Inc. now owns 9,622 shares of the company’s stock valued at $323,000 after buying an additional 8,380 shares during the period. Finally, BCS Wealth Management purchased a new stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the 1st quarter worth $449,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Trading Up 1.2%

Shares of NYSEARCA DIEM opened at $41.11 on Monday. The business’s fifty day simple moving average is $42.66 and its 200-day simple moving average is $39.16. The stock has a market cap of $69.89 million, a P/E ratio of 11.48 and a beta of 0.71. Franklin Emerging Market Core Dividend Tilt Index ETF has a 12-month low of $30.02 and a 12-month high of $46.58.

Franklin Emerging Market 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 and in depositary receipts representing such securities. The index is based on the Morningstar® Emerging Markets 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.