Franklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM) Short Interest Update
by Sarita Garza · The Markets DailyFranklin Emerging Market Core Dividend Tilt Index ETF (NYSEARCA:DIEM – Get Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 36,871 shares, an increase of 158.9% from the November 30th total of 14,244 shares. Based on an average daily volume of 6,583 shares, the short-interest ratio is presently 5.6 days. Currently, 4.1% of the company’s stock are short sold. Currently, 4.1% of the company’s stock are short sold. Based on an average daily volume of 6,583 shares, the short-interest ratio is presently 5.6 days.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of DIEM. Jane Street Group LLC grew its holdings in Franklin Emerging Market Core Dividend Tilt Index ETF by 250.3% during the 1st quarter. Jane Street Group LLC now owns 86,027 shares of the company’s stock worth $2,334,000 after acquiring an additional 61,466 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF in the 2nd quarter worth approximately $2,442,000. Raymond James Financial Inc. boosted its stake in shares of Franklin Emerging Market Core Dividend Tilt Index ETF by 656.4% during the second quarter. Raymond James Financial Inc. now owns 69,911 shares of the company’s stock valued at $2,093,000 after purchasing an additional 60,669 shares in the last quarter. Finally, Sequent Planning LLC bought a new position in shares of Franklin Emerging Market Core Dividend Tilt Index ETF during the third quarter valued at approximately $435,000.
Franklin Emerging Market Core Dividend Tilt Index ETF Trading Up 0.5%
Shares of NYSEARCA:DIEM traded up $0.17 during mid-day trading on Friday, reaching $33.67. The stock had a trading volume of 865 shares, compared to its average volume of 5,440. The company has a market cap of $30.30 million, a P/E ratio of 11.48 and a beta of 0.64. Franklin Emerging Market Core Dividend Tilt Index ETF has a 1 year low of $24.08 and a 1 year high of $35.16. The business’s 50 day moving average price is $33.20 and its 200 day moving average price is $31.77.
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.