Short Interest in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Drops By 49.2%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 189,920 shares, a decrease of 49.2% from the June 15th total of 373,874 shares. Based on an average daily volume of 352,750 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short.

Franklin International Core Dividend Tilt Index ETF Stock Performance

NYSEARCA DIVI traded down $0.21 during trading on Friday, hitting $42.64. The stock had a trading volume of 125,729 shares, compared to its average volume of 224,252. Franklin International Core Dividend Tilt Index ETF has a one year low of $34.72 and a one year high of $44.18. The stock has a 50 day simple moving average of $42.93 and a 200 day simple moving average of $41.67. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 14.82 and a beta of 0.68.

Institutional Investors Weigh In On Franklin International Core Dividend Tilt Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of DIVI. First Bank & Trust boosted its holdings in Franklin International Core Dividend Tilt Index ETF by 18.7% during the 2nd quarter. First Bank & Trust now owns 41,254 shares of the company’s stock valued at $1,762,000 after acquiring an additional 6,508 shares during the period. Professional Financial Advisors LLC purchased a new stake in Franklin International Core Dividend Tilt Index ETF in the second quarter worth $809,000. Mirador Capital Partners LP lifted its position in shares of Franklin International Core Dividend Tilt Index ETF by 826.1% during the second quarter. Mirador Capital Partners LP now owns 156,800 shares of the company’s stock worth $6,699,000 after purchasing an additional 139,868 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 8.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 60,601 shares of the company’s stock valued at $2,589,000 after purchasing an additional 4,964 shares during the period. Finally, Baron Wealth Management LLC boosted its stake in shares of Franklin International Core Dividend Tilt Index ETF by 1.3% during the second quarter. Baron Wealth Management LLC now owns 748,975 shares of the company’s stock valued at $31,996,000 after purchasing an additional 9,325 shares during the period.

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.