Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Short Interest Update

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 36,871 shares, a growth of 158.9% from the November 30th total of 14,244 shares. Based on an average daily trading volume, of 6,583 shares, the days-to-cover ratio is presently 5.6 days. Approximately 4.1% of the shares of the stock are short sold. Approximately 4.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,583 shares, the days-to-cover ratio is presently 5.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sequent Planning LLC acquired a new position in Franklin Emerging Market Core Dividend Tilt Index ETF during the 3rd quarter worth approximately $435,000. Raymond James Financial Inc. lifted its position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 21.4% during the 3rd quarter. Raymond James Financial Inc. now owns 84,850 shares of the company’s stock worth $2,726,000 after purchasing an additional 14,939 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 250.3% during the first quarter. Jane Street Group LLC now owns 86,027 shares of the company’s stock worth $2,334,000 after purchasing an additional 61,466 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Franklin Emerging Market Core Dividend Tilt Index ETF in the second quarter valued at $2,442,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Up 0.5%

DIEM stock traded up $0.17 during mid-day trading on Friday, hitting $33.67. 865 shares of the company were exchanged, compared to its average volume of 5,440. The business has a fifty day simple moving average of $33.20 and a 200-day simple moving average of $31.77. The firm has a market capitalization of $30.30 million, a P/E ratio of 11.48 and a beta of 0.64. Franklin Emerging Market Core Dividend Tilt Index ETF has a 12-month low of $24.08 and a 12-month high of $35.16.

About Franklin Emerging Market Core Dividend Tilt Index ETF

Under normal market conditions, 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® Emerging Markets 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.