Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Sees Large Increase in Short Interest

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 120,419 shares, an increase of 367.3% from the July 30th total of 25,768 shares. Based on an average daily volume of 120,391 shares, the short-interest ratio is presently 1.0 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin International Core Dividend Tilt Index ETF

A number of large investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after buying an additional 576 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter valued at $29,000. Johnson Financial Group Inc. purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the 1st quarter valued at about $33,000. Wells Fargo & Company MN grew its position in 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 worth $42,000 after purchasing an additional 250 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in Franklin International Core Dividend Tilt Index ETF by 32.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,826 shares of the company’s stock valued at $71,000 after acquiring an additional 444 shares during the last quarter.

Franklin International Core Dividend Tilt Index ETF Stock Down 0.1%

DIVI traded down $0.06 during trading on Thursday, reaching $44.44. 182,942 shares of the company were exchanged, compared to its average volume of 216,003. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 14.82 and a beta of 0.68. Franklin International Core Dividend Tilt Index ETF has a 12-month low of $36.15 and a 12-month high of $44.89. The company’s 50-day moving average is $43.46 and its two-hundred day moving average is $42.40.

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.