Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Sees Significant Increase in Short Interest

Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 32,837 shares, an increase of 91.2% from the April 15th total of 17,172 shares. Based on an average daily volume of 11,835 shares, the short-interest ratio is presently 2.8 days. Currently, 1.6% of the shares of the company are sold short.

Franklin U.S. Core Dividend Tilt Index ETF Trading Down 0.7%

Franklin U.S. Core Dividend Tilt Index ETF stock traded down $0.42 during mid-day trading on Tuesday, hitting $58.60. The company had a trading volume of 1,752 shares, compared to its average volume of 10,910. Franklin U.S. Core Dividend Tilt Index ETF has a 12-month low of $44.72 and a 12-month high of $68.06. The company’s fifty day moving average is $54.79 and its 200-day moving average is $54.00. The company has a market capitalization of $123.06 million, a price-to-earnings ratio of 24.12 and a beta of 0.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in shares of Franklin U.S. Core Dividend Tilt Index ETF during the 4th quarter valued at approximately $49,000. Private Trust Co. NA purchased a new position in Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter valued at $54,000. Integrated Wealth Concepts LLC purchased a new position in 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 Franklin U.S. Core Dividend Tilt Index ETF in the 4th quarter valued at $389,000. Finally, Bank of America Corp DE lifted its holdings in Franklin U.S. Core Dividend Tilt Index ETF by 208.2% in the 2nd quarter. Bank of America Corp DE now owns 9,573 shares of the company’s stock valued at $462,000 after purchasing an additional 6,467 shares in the last quarter.

About Franklin U.S. 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. 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.