Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 24,434 shares, a growth of 134.7% from the August 15th total of 10,411 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 11,064 shares, the days-to-cover ratio is currently 2.2 days.
Hedge Funds Weigh In On Franklin U.S. Core Dividend Tilt Index ETF
Several hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter worth approximately $49,000. Western Wealth Management LLC purchased a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the 1st quarter worth approximately $74,000. Integrated Wealth Concepts LLC acquired a new position in Franklin U.S. Core Dividend Tilt Index ETF during the 1st quarter valued at approximately $238,000. MCF Advisors LLC acquired a new position in Franklin U.S. Core Dividend Tilt Index ETF during the 2nd quarter valued at approximately $307,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the fourth quarter worth $389,000.
Franklin U.S. Core Dividend Tilt Index ETF Price Performance
Shares of UDIV stock opened at $61.60 on Monday. The stock’s fifty day moving average price is $61.01 and its 200 day moving average price is $58.20. Franklin U.S. Core Dividend Tilt Index ETF has a 1-year low of $50.02 and a 1-year high of $68.06. The company has a market cap of $144.76 million, a price-to-earnings ratio of 24.12 and a beta of 0.89.
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.
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