Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Down 56.5% in August

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 10,411 shares, a drop of 56.5% from the July 30th total of 23,940 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 9,946 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Franklin U.S. Core Dividend Tilt Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the fourth quarter valued at about $49,000. Western Wealth Management LLC acquired a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 1st quarter valued at about $74,000. Integrated Wealth Concepts LLC acquired a new stake in Franklin U.S. Core Dividend Tilt Index ETF during the first quarter worth about $238,000. Goldman Sachs Group Inc. acquired a new position in Franklin U.S. Core Dividend Tilt Index ETF in the fourth quarter valued at approximately $389,000. Finally, Bank of America Corp DE increased its holdings in shares of Franklin U.S. Core Dividend Tilt Index ETF by 208.2% during the 2nd quarter. Bank of America Corp DE now owns 9,573 shares of the company’s stock valued at $462,000 after purchasing an additional 6,467 shares in the last quarter.

Franklin U.S. Core Dividend Tilt Index ETF Price Performance

NYSEARCA:UDIV traded down $0.26 during trading hours on Monday, hitting $61.55. 60,499 shares of the company were exchanged, compared to its average volume of 12,698. Franklin U.S. Core Dividend Tilt Index ETF has a 52-week low of $49.80 and a 52-week high of $68.06. The stock has a market capitalization of $144.64 million, a price-to-earnings ratio of 24.12 and a beta of 0.89. The company’s 50 day moving average price is $60.62 and its 200-day moving average price is $57.69.

Franklin U.S. Core Dividend Tilt Index ETF Company Profile

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.