Franklin Income Focus ETF (NYSEARCA:INCM) Stock Short Interest Rises 84.2%

Franklin Income Focus ETF (NYSEARCA:INCM) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 184,604 shares, a growth of 84.2% from the August 31st total of 100,217 shares. Based on an average daily trading volume, of 393,034 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Franklin Income Focus ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of Franklin Income Focus ETF by 16.7% in the first quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock worth $44,801,000 after buying an additional 223,466 shares during the period. Bank of America Corp DE lifted its stake in shares of Franklin Income Focus ETF by 8.2% during the 1st quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock worth $38,574,000 after acquiring an additional 102,252 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Franklin Income Focus ETF by 7.8% during the 1st quarter. Cetera Investment Advisers now owns 621,105 shares of the company’s stock worth $17,857,000 after acquiring an additional 44,721 shares during the last quarter. Next Level Private LLC boosted its holdings in Franklin Income Focus ETF by 11.1% during the 2nd quarter. Next Level Private LLC now owns 439,360 shares of the company’s stock valued at $12,678,000 after acquiring an additional 43,892 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in Franklin Income Focus ETF by 6.2% during the 1st quarter. D.A. Davidson & CO. now owns 153,075 shares of the company’s stock valued at $4,401,000 after acquiring an additional 8,890 shares during the period.

Franklin Income Focus ETF Stock Down 0.2%

INCM traded down $0.05 during trading on Tuesday, reaching $28.65. The company had a trading volume of 467,845 shares, compared to its average volume of 368,795. The stock has a market cap of $1.87 billion, a P/E ratio of -48,807.50 and a beta of 0.40. The business has a 50 day simple moving average of $29.31 and a 200-day simple moving average of $29.18. Franklin Income Focus ETF has a 52 week low of $27.40 and a 52 week high of $29.95.

About Franklin Income Focus ETF

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.