Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Short Interest Down 50.7% in May

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 17,033 shares, a drop of 50.7% from the May 14th total of 34,548 shares. Based on an average daily trading volume, of 10,741 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.3% of the shares of the company are short sold.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Up 0.3%

DIEM stock opened at $43.41 on Friday. The business’s 50-day moving average price is $40.53 and its 200-day moving average price is $37.16. Franklin Emerging Market Core Dividend Tilt Index ETF has a twelve month low of $28.79 and a twelve month high of $45.17. The stock has a market cap of $56.43 million, a P/E ratio of 11.48 and a beta of 0.71.

Hedge Funds Weigh In On Franklin Emerging Market Core Dividend Tilt Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in DIEM. Capital Analysts LLC increased its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 40.7% in the 4th quarter. Capital Analysts LLC now owns 3,276 shares of the company’s stock worth $110,000 after buying an additional 947 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the 4th quarter valued at about $274,000. Bank of New York Mellon Corp lifted its holdings in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 45.9% in the 1st quarter. Bank of New York Mellon Corp now owns 9,512 shares of the company’s stock valued at $336,000 after acquiring an additional 2,992 shares during the last quarter. Osaic Holdings Inc. grew its position in Franklin Emerging Market Core Dividend Tilt Index ETF by 674.7% in the fourth quarter. Osaic Holdings Inc. now owns 9,622 shares of the company’s stock worth $323,000 after acquiring an additional 8,380 shares in the last quarter. Finally, BCS Wealth Management purchased a new position in Franklin Emerging Market Core Dividend Tilt Index ETF in the first quarter worth about $449,000.

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.