Short Interest in Franklin Income Focus ETF (NYSEARCA:INCM) Grows By 24.7%

Franklin Income Focus ETF (NYSEARCA:INCM) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 55,287 shares, a growth of 24.7% from the December 15th total of 44,337 shares. Based on an average daily volume of 273,967 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 273,967 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Franklin Income Focus ETF

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. grew its holdings in shares of Franklin Income Focus ETF by 15.3% in the third quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after acquiring an additional 258,689 shares in the last quarter. Summit Investment Advisory Services LLC grew its position in shares of Franklin Income Focus ETF by 6.5% during the 3rd quarter. Summit Investment Advisory Services LLC now owns 971,422 shares of the company’s stock valued at $26,947,000 after purchasing an additional 59,238 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Franklin Income Focus ETF by 32.7% during the third quarter. Ameriprise Financial Inc. now owns 908,507 shares of the company’s stock worth $25,203,000 after purchasing an additional 223,654 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Franklin Income Focus ETF by 32.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 718,490 shares of the company’s stock worth $20,369,000 after acquiring an additional 177,205 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Franklin Income Focus ETF by 65.3% in the 3rd quarter. Larson Financial Group LLC now owns 550,795 shares of the company’s stock worth $15,279,000 after buying an additional 217,670 shares during the last quarter.

Franklin Income Focus ETF Stock Performance

Shares of INCM stock remained flat at $28.64 on Friday. 317,813 shares of the stock were exchanged, compared to its average volume of 329,401. The firm has a 50 day simple moving average of $28.08 and a 200-day simple moving average of $27.74. The stock has a market capitalization of $1.15 billion, a P/E ratio of -48,790.46 and a beta of 0.49. Franklin Income Focus ETF has a one year low of $24.62 and a one year high of $28.78.

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.