Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Update

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 23,940 shares, an increase of 117.2% from the July 15th total of 11,022 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 7,894 shares, the short-interest ratio is presently 3.0 days.

Institutional Investors Weigh In On Franklin U.S. Core Dividend Tilt Index ETF

Large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter valued at about $49,000. Private Trust Co. NA acquired a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter worth about $54,000. Western Wealth Management LLC acquired a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF during the first quarter worth about $74,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF during the first quarter worth approximately $238,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF during the fourth quarter worth approximately $389,000.

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

Shares of NYSEARCA UDIV traded down $0.14 during mid-day trading on Friday, hitting $62.41. The company had a trading volume of 11,086 shares, compared to its average volume of 12,844. The company has a market capitalization of $146.66 million, a PE ratio of 24.12 and a beta of 0.89. Franklin U.S. Core Dividend Tilt Index ETF has a 1-year low of $49.56 and a 1-year high of $68.06. The business’s 50-day simple moving average is $60.28 and its 200 day simple moving average is $57.16.

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.