Short Interest in Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Decreases By 78.0%

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 18,323 shares, a decrease of 78.0% from the July 15th total of 83,260 shares. Based on an average daily trading volume, of 43,076 shares, the short-interest ratio is presently 0.4 days. Approximately 1.0% of the company’s shares are short sold.

Franklin Emerging Market Core Dividend Tilt Index ETF Stock Performance

DIEM traded down $0.12 during trading on Friday, reaching $42.15. 15,461 shares of the company’s stock were exchanged, compared to its average volume of 17,755. The company’s fifty day moving average price is $42.21 and its 200-day moving average price is $39.75. The firm has a market capitalization of $75.87 million, a PE ratio of 11.48 and a beta of 0.72. Franklin Emerging Market Core Dividend Tilt Index ETF has a fifty-two week low of $30.84 and a fifty-two week high of $46.58.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Capital Analysts LLC grew its position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 40.7% during 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 period. Cetera Investment Advisers bought a new position in Franklin Emerging Market Core Dividend Tilt Index ETF during the 4th quarter worth approximately $274,000. Bank of New York Mellon Corp boosted its stake in Franklin Emerging Market Core Dividend Tilt Index ETF by 45.9% during the 1st quarter. Bank of New York Mellon Corp now owns 9,512 shares of the company’s stock worth $336,000 after acquiring an additional 2,992 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 674.7% during the fourth quarter. Osaic Holdings Inc. now owns 9,622 shares of the company’s stock valued at $323,000 after purchasing an additional 8,380 shares during the period. Finally, BCS Wealth Management bought a new stake in Franklin Emerging Market Core Dividend Tilt Index ETF in the first quarter valued at approximately $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.