Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Sees Significant Drop in Short Interest

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 22,359 shares, a decrease of 80.7% from the June 30th total of 115,594 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average trading volume of 2,354 shares, the short-interest ratio is currently 9.5 days.

Franklin International Dividend Multiplier Index ETF Stock Performance

Shares of XIDV stock traded up $0.25 on Monday, hitting $37.90. 1,858 shares of the stock traded hands, compared to its average volume of 7,028. Franklin International Dividend Multiplier Index ETF has a twelve month low of $30.67 and a twelve month high of $39.00. The firm’s 50-day moving average price is $37.64 and its two-hundred day moving average price is $36.82. The stock has a market capitalization of $45.48 million, a PE ratio of 12.12 and a beta of 0.11.

Institutional Trading of Franklin International Dividend Multiplier Index ETF

Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP raised its position in shares of Franklin International Dividend Multiplier Index ETF by 9.1% during the 3rd 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 during the period. Invested Advisors acquired a new stake in Franklin International Dividend Multiplier Index ETF during the fourth quarter worth $372,000. Finally, Franklin Resources Inc. acquired a new stake in Franklin International Dividend Multiplier Index ETF during the fourth quarter worth $28,944,000.

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.