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Brandywine GLOBAL Dynamic US Large Cap Value ETF (NASDAQ: DVAL - Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 297 shares, an increase of 364.1% from the September 15th total of 64 shares. Approximately 0.0% of the shares of the
DVAL is an actively managed large-cap value ETF with a 0.49% expense ratio and an excellent long-term track record outperforming the Russell 1000 Value Index. The fund's management team is experienced and has managed DVAL and its predecessor private fund since 2007. They strive to select high-quality stocks with attractive valuations and positive sentiment features. However, my fundamental analysis reveals weaknesses in sentiment and some red flags on growth and momentum. In particular, DVAL no longer offers a competitive sales and earnings growth rate.
Franklin Templeton has been building out its ETF lineup through product development, mutual fund conversions, and acquisitions. While it had $10 billion in U.S.-listed ETF assets at the end of November, aided by $1 billion of net inflows, the firm has ambitions of being a much larger player in the space.
Joining a key trend in the ETF space, Franklin Templeton announced Monday that it launched two converted ETFs, growing its actively-managed US large-cap value and international growth lineups.