Franklin Income Equity Focus ETF (NYSEARCA:INCE) Short Interest Update

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 3,989 shares, a decrease of 46.9% from the April 15th total of 7,514 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 11,170 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INCE. Royal Bank of Canada grew its position in Franklin Income Equity Focus ETF by 6.6% in the first quarter. Royal Bank of Canada now owns 35,805 shares of the company’s stock worth $2,012,000 after acquiring an additional 2,230 shares during the period. Goldman Sachs Group Inc. grew its position in Franklin Income Equity Focus ETF by 132.9% in the first quarter. Goldman Sachs Group Inc. now owns 38,430 shares of the company’s stock worth $2,160,000 after acquiring an additional 21,931 shares during the period. Jane Street Group LLC grew its position in Franklin Income Equity Focus ETF by 78.3% in the first quarter. Jane Street Group LLC now owns 24,494 shares of the company’s stock worth $1,377,000 after acquiring an additional 10,756 shares during the period. JPMorgan Chase & Co. grew its position in Franklin Income Equity Focus ETF by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 867 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares during the period. Finally, Raymond James Financial Inc. grew its position in Franklin Income Equity Focus ETF by 23.2% in the second quarter. Raymond James Financial Inc. now owns 195,256 shares of the company’s stock worth $11,221,000 after acquiring an additional 36,832 shares during the period.

Franklin Income Equity Focus ETF Stock Performance

Shares of INCE stock traded up $0.05 during trading hours on Monday, reaching $66.63. The company had a trading volume of 26,853 shares, compared to its average volume of 14,951. The stock has a fifty day moving average of $65.58 and a 200-day moving average of $63.54. The company has a market capitalization of $116.60 million, a price-to-earnings ratio of 17.48 and a beta of 0.75. Franklin Income Equity Focus ETF has a 12-month low of $54.95 and a 12-month high of $67.32.

About Franklin Income Equity Focus ETF

The Franklin Income Equity Focus ETF (INCE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks income and capital appreciation with lower volatility than the S&P 500 Index. The fund invests in stocks globally using proprietary fundamental research. INCE was launched on Sep 20, 2016 and is issued by Franklin Templeton.