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 significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 10,411 shares, a decrease of 56.5% from the July 30th total of 23,940 shares. Based on an average daily trading volume, of 9,946 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company’s stock are short sold.

Franklin U.S. Core Dividend Tilt Index ETF Trading Down 0.3%

NYSEARCA:UDIV traded down $0.18 during mid-day trading on Friday, hitting $61.81. The stock had a trading volume of 3,843 shares, compared to its average volume of 12,408. Franklin U.S. Core Dividend Tilt Index ETF has a twelve month low of $49.80 and a twelve month high of $68.06. The stock has a 50-day simple moving average of $60.62 and a two-hundred day simple moving average of $57.67. The company has a market capitalization of $145.25 million, a PE ratio of 24.12 and a beta of 0.89.

Institutional Investors Weigh In On Franklin U.S. Core Dividend Tilt Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter valued at $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 $74,000. Integrated Wealth Concepts LLC purchased a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 1st quarter valued at $238,000. Goldman Sachs Group Inc. purchased a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter valued at $389,000. Finally, Bank of America Corp DE raised its stake in 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 worth $462,000 after acquiring an additional 6,467 shares in the last quarter.

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.