Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Short Interest Update

Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 50,013 shares, a growth of 83.2% from the April 15th total of 27,294 shares. Based on an average trading volume of 12,796 shares, the short-interest ratio is presently 3.9 days. Currently, 3.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin Emerging Market Core Dividend Tilt Index ETF

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake 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 purchasing an additional 2,992 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 9.0% in the 1st quarter. Sanctuary Advisors LLC now owns 22,469 shares of the company’s stock valued at $794,000 after purchasing an additional 1,861 shares during the period. Sequent Planning LLC grew its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 23.3% in the 1st quarter. Sequent Planning LLC now owns 22,737 shares of the company’s stock valued at $804,000 after purchasing an additional 4,294 shares during the period. BCS Wealth Management bought a new stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the 1st quarter valued at approximately $449,000. Finally, Cetera Investment Advisers bought a new stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the 4th quarter valued at approximately $274,000.

Franklin Emerging Market Core Dividend Tilt Index ETF Price Performance

Shares of DIEM opened at $40.73 on Monday. Franklin Emerging Market Core Dividend Tilt Index ETF has a 12-month low of $28.37 and a 12-month high of $42.66. The firm has a market capitalization of $52.95 million, a price-to-earnings ratio of 11.48 and a beta of 0.69. The stock’s 50-day moving average price is $37.70 and its 200 day moving average price is $35.86.

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.