Short Interest in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Drops By 77.7%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 25,768 shares, a drop of 77.7% from the July 15th total of 115,637 shares. Based on an average daily volume of 130,431 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Franklin International Core Dividend Tilt Index ETF Trading Up 0.2%

NYSEARCA DIVI opened at $44.78 on Friday. The stock’s 50-day moving average price is $43.23 and its two-hundred day moving average price is $42.22. The company has a market cap of $2.78 billion, a PE ratio of 14.82 and a beta of 0.68. Franklin International Core Dividend Tilt Index ETF has a 1 year low of $36.15 and a 1 year high of $44.88.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. raised its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% during the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after acquiring an additional 576 shares during the period. CIBC Private Wealth Group LLC acquired a new position in Franklin International Core Dividend Tilt Index ETF in the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. purchased a new position in Franklin International Core Dividend Tilt Index ETF during the 1st quarter worth approximately $33,000. Assetmark Inc. grew its position in Franklin International Core Dividend Tilt Index ETF by 950.0% during the 4th quarter. Assetmark Inc. now owns 945 shares of the company’s stock worth $37,000 after purchasing an additional 855 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Franklin International Core Dividend Tilt Index ETF by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock valued at $42,000 after purchasing an additional 250 shares during the period.

About Franklin International Core Dividend Tilt Index ETF

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® Developed Markets ex-North America Target Market Exposure 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.