Short Interest in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Drops By 49.2%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 189,920 shares, a decline of 49.2% from the June 15th total of 373,874 shares. Based on an average daily volume of 352,750 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

Franklin International Core Dividend Tilt Index ETF Stock Up 0.7%

Shares of Franklin International Core Dividend Tilt Index ETF stock traded up $0.28 during trading hours on Wednesday, reaching $43.14. 120,963 shares of the company’s stock were exchanged, compared to its average volume of 225,566. The business has a fifty day moving average of $42.92 and a two-hundred day moving average of $41.61. The company has a market capitalization of $2.67 billion, a P/E ratio of 14.82 and a beta of 0.68. Franklin International Core Dividend Tilt Index ETF has a 1 year low of $34.72 and a 1 year high of $44.18.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of DIVI. Wells Fargo & Company MN raised its stake in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock valued at $42,000 after acquiring an additional 250 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 0.7% during the 4th quarter. Orion Porfolio Solutions LLC now owns 42,805 shares of the company’s stock worth $1,665,000 after purchasing an additional 318 shares during the period. Defined Wealth Management LLC boosted its position in shares of Franklin International Core Dividend Tilt Index ETF by 0.3% during the 1st quarter. Defined Wealth Management LLC now owns 119,302 shares of the company’s stock worth $4,749,000 after purchasing an additional 371 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Franklin International Core Dividend Tilt Index ETF by 32.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,826 shares of the company’s stock valued at $71,000 after purchasing an additional 444 shares during the last quarter. Finally, WCG Wealth Advisors LLC increased its holdings in Franklin International Core Dividend Tilt Index ETF by 3.1% in the 4th quarter. WCG Wealth Advisors LLC now owns 15,310 shares of the company’s stock valued at $595,000 after purchasing an additional 455 shares during the last quarter.

Franklin International Core Dividend Tilt Index ETF Company Profile

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.