Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Sees Significant Growth in Short Interest

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 115,594 shares, an increase of 2,537.9% from the June 15th total of 4,382 shares. Based on an average daily trading volume, of 2,256 shares, the short-interest ratio is currently 51.2 days. Approximately 10.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin International Dividend Multiplier Index ETF

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. acquired a new stake in shares of Franklin International Dividend Multiplier Index ETF during the fourth quarter worth about $28,944,000. Susquehanna International Group LLP lifted its holdings in shares of Franklin International Dividend Multiplier Index ETF by 9.1% in the 3rd quarter. Susquehanna International Group LLP now owns 61,674 shares of the company’s stock valued at $1,992,000 after purchasing an additional 5,149 shares during the last quarter. Finally, Invested Advisors acquired a new stake in shares of Franklin International Dividend Multiplier Index ETF in the 4th quarter valued at about $372,000.

Franklin International Dividend Multiplier Index ETF Trading Up 0.3%

Shares of NYSEARCA XIDV traded up $0.11 during mid-day trading on Friday, reaching $36.96. The company had a trading volume of 1,036 shares, compared to its average volume of 7,453. The firm has a 50 day simple moving average of $37.74 and a two-hundred day simple moving average of $36.57. Franklin International Dividend Multiplier Index ETF has a 52-week low of $30.43 and a 52-week high of $39.00. The stock has a market cap of $40.66 million, a P/E ratio of 12.12 and a beta of 0.11.

About Franklin International Dividend Multiplier Index ETF

The Franklin International Dividend Multiplier Index ETF (XIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of large- and mid-cap companies from developed markets, excluding the US. The fund uses an optimizer that aims for high dividend yield balanced against volatility relative to the broad international equity market. XIDV was launched on Jan 21, 2025 and is issued by Franklin Templeton.