Franklin Income Focus ETF (NYSEARCA:INCM) Short Interest Up 338.9% in August

Franklin Income Focus ETF (NYSEARCA:INCM) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 100,217 shares, a growth of 338.9% from the August 15th total of 22,835 shares. Based on an average trading volume of 371,630 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Franklin Income Focus ETF Stock Up 0.1%

INCM opened at $29.23 on Friday. The firm’s 50 day moving average is $29.33 and its 200-day moving average is $29.20. Franklin Income Focus ETF has a 52-week low of $27.40 and a 52-week high of $29.95. The firm has a market capitalization of $1.72 billion, a P/E ratio of -49,795.57 and a beta of 0.40.

Institutional Investors Weigh In On Franklin Income Focus ETF

Large investors have recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in Franklin Income Focus ETF in the 1st quarter worth $53,000. Jane Street Group LLC increased its position in shares of Franklin Income Focus ETF by 203.7% during the first quarter. Jane Street Group LLC now owns 132,673 shares of the company’s stock worth $3,533,000 after acquiring an additional 88,985 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Franklin Income Focus ETF by 1.9% during the second quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock worth $630,000 after acquiring an additional 442 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Franklin Income Focus ETF by 36.9% during the second quarter. NewEdge Advisors LLC now owns 90,344 shares of the company’s stock worth $2,444,000 after acquiring an additional 24,366 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Franklin Income Focus ETF by 14.9% in the second quarter. Raymond James Financial Inc. now owns 1,693,284 shares of the company’s stock worth $45,803,000 after acquiring an additional 219,781 shares in the last quarter.

Franklin Income Focus ETF Company Profile

The Franklin Income Focus ETF (INCM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a diversified portfolio of equities and debt securities. The fund seeks to maximize income over a full market cycle by utilizing income generation strategies and investing opportunistically across various assets classes, markets, and sectors. INCM was launched on Jun 6, 2023 and is managed by Franklin Templeton.