Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Shares Shorted: Short Interest Up 251.6% in September

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 120,819 shares, an increase of 251.6% from the August 31st total of 34,367 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 143,646 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

A number of large investors have recently modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in Franklin International Core Dividend Tilt Index ETF in the 1st quarter worth approximately $33,000. Rockefeller Capital Management L.P. purchased a new position in shares of Franklin International Core Dividend Tilt Index ETF during the fourth quarter worth approximately $139,000. NFSG Corp lifted its holdings in shares of Franklin International Core Dividend Tilt Index ETF by 78.3% in the 1st quarter. NFSG Corp now owns 4,230 shares of the company’s stock worth $168,000 after acquiring an additional 1,857 shares during the last quarter. Earned Wealth Advisors LLC bought a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the 1st quarter worth approximately $215,000. Finally, Independent Financial Group LLC purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF in the 1st quarter valued at $244,000.

Franklin International Core Dividend Tilt Index ETF Price Performance

NYSEARCA DIVI traded up $0.41 during trading hours on Friday, reaching $43.30. 167,101 shares of the stock traded hands, compared to its average volume of 210,007. The stock has a 50 day simple moving average of $43.89 and a two-hundred day simple moving average of $42.66. Franklin International Core Dividend Tilt Index ETF has a 1 year low of $36.75 and a 1 year high of $44.89. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 14.82 and a beta of 0.68.

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.