Franklin Income Equity Focus ETF (NYSEARCA:INCE) Short Interest Up 630.6% in January

Franklin Income Equity Focus ETF (NYSEARCA:INCE) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 14,240 shares, an increase of 630.6% from the January 15th total of 1,949 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,781 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 15,781 shares, the short-interest ratio is currently 0.9 days. Currently, 0.8% of the shares of the stock are sold short.

Franklin Income Equity Focus ETF Price Performance

Shares of INCE traded down $0.50 on Thursday, hitting $66.50. The company’s stock had a trading volume of 14,057 shares, compared to its average volume of 13,143. The company has a market capitalization of $119.70 million, a PE ratio of 17.48 and a beta of 0.82. Franklin Income Equity Focus ETF has a fifty-two week low of $49.68 and a fifty-two week high of $67.32. The company has a 50 day moving average price of $62.77 and a 200 day moving average price of $60.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in INCE. LPL Financial LLC lifted its position in Franklin Income Equity Focus ETF by 3.4% during the 4th quarter. LPL Financial LLC now owns 361,560 shares of the company’s stock worth $22,090,000 after buying an additional 11,962 shares in the last quarter. Raymond James Financial Inc. raised its position in Franklin Income Equity Focus ETF by 15.1% in the 3rd quarter. Raymond James Financial Inc. now owns 224,815 shares of the company’s stock worth $13,326,000 after purchasing an additional 29,559 shares during the last quarter. Franklin Resources Inc. boosted its position in Franklin Income Equity Focus ETF by 44,052.9% in the 4th quarter. Franklin Resources Inc. now owns 100,227 shares of the company’s stock valued at $6,124,000 after buying an additional 100,000 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Franklin Income Equity Focus ETF by 1.4% in the 3rd quarter. D.A. Davidson & CO. now owns 40,305 shares of the company’s stock valued at $2,389,000 after buying an additional 575 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Franklin Income Equity Focus ETF by 132.9% during 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 last quarter.

Franklin Income Equity Focus ETF Company Profile

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.