Short Interest in Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Drops By 29.3%

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,429 shares, a decline of 29.3% from the January 15th total of 2,020 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,069 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 1,069 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Franklin International Dividend Multiplier Index ETF

Hedge funds have recently bought and sold shares of the company. Invested Advisors bought a new position in Franklin International Dividend Multiplier Index ETF during the fourth quarter worth about $372,000. Susquehanna International Group LLP raised its position in shares of Franklin International Dividend Multiplier Index ETF by 9.1% in the third quarter. Susquehanna International Group LLP now owns 61,674 shares of the company’s stock valued at $1,992,000 after buying an additional 5,149 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Franklin International Dividend Multiplier Index ETF in the second quarter valued at approximately $2,754,000. Envestnet Asset Management Inc. acquired a new stake in Franklin International Dividend Multiplier Index ETF during the second quarter worth approximately $3,303,000. Finally, Assetmark Inc. bought a new position in Franklin International Dividend Multiplier Index ETF during the 2nd quarter worth $13,387,000.

Franklin International Dividend Multiplier Index ETF Stock Performance

NYSEARCA:XIDV traded down $0.07 on Friday, hitting $36.97. 1,293 shares of the stock were exchanged, compared to its average volume of 1,793. Franklin International Dividend Multiplier Index ETF has a 52 week low of $25.19 and a 52 week high of $37.41. The company’s 50-day moving average price is $34.78 and its 200 day moving average price is $33.21. The stock has a market capitalization of $62.85 million, a price-to-earnings ratio of 12.12 and a beta of 0.79.

About Franklin International Dividend Multiplier Index ETF

The Franklin International Dividend Multiplier Index ETF (XIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of large- and mid-cap companies from developed markets, excluding the US. The fund uses an optimizer that aims for high dividend yield balanced against volatility relative to the broad international equity market. XIDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.