Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) Short Interest Down 40.1% in April

Franklin International Dividend Multiplier Index ETF (NYSEARCA:XIDV) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 8,645 shares, a drop of 40.1% from the April 15th total of 14,440 shares. Based on an average daily trading volume, of 1,815 shares, the days-to-cover ratio is presently 4.8 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Franklin International Dividend Multiplier Index ETF

A number of hedge funds have recently modified their holdings of the business. 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. Envestnet Asset Management Inc. raised its position in Franklin International Dividend Multiplier Index ETF by 2.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 110,360 shares of the company’s stock valued at $3,565,000 after buying an additional 2,947 shares during the last quarter. Susquehanna International Group LLP raised its position in 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 buying an additional 5,149 shares during the last quarter. Finally, Invested Advisors acquired a new stake in Franklin International Dividend Multiplier Index ETF in the 4th quarter valued at approximately $372,000.

Franklin International Dividend Multiplier Index ETF Price Performance

Shares of NYSEARCA:XIDV traded up $0.21 during midday trading on Tuesday, reaching $38.00. The company’s stock had a trading volume of 294 shares, compared to its average volume of 4,020. Franklin International Dividend Multiplier Index ETF has a fifty-two week low of $30.03 and a fifty-two week high of $38.24. The company has a market capitalization of $57 million, a P/E ratio of 12.12 and a beta of 0.11. The business’s fifty day simple moving average is $36.76 and its 200-day simple moving average is $35.29.

Franklin International Dividend Multiplier Index ETF Company Profile

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.