Short Interest in Franklin Income Focus ETF (NYSEARCA:INCM) Drops By 43.1%

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 36,548 shares, a drop of 43.1% from the January 15th total of 64,210 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 368,130 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 368,130 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Franklin Income Focus ETF Trading Up 0.4%

Shares of NYSEARCA:INCM traded up $0.11 during trading on Friday, hitting $29.48. 269,528 shares of the company were exchanged, compared to its average volume of 362,048. Franklin Income Focus ETF has a fifty-two week low of $24.62 and a fifty-two week high of $29.57. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -50,221.47 and a beta of 0.49. The firm has a fifty day moving average price of $28.55 and a two-hundred day moving average price of $27.98.

Franklin Income Focus ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 30th were given a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Friday, January 30th. Franklin Income Focus ETF’s dividend payout ratio is -240,204.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INCM. Assetmark Inc. bought a new stake in shares of Franklin Income Focus ETF in the 4th quarter valued at about $35,000. Comerica Bank bought a new stake in Franklin Income Focus ETF in the first quarter valued at approximately $53,000. International Assets Investment Management LLC acquired a new stake in shares of Franklin Income Focus ETF in the fourth quarter valued at approximately $90,000. Titleist Asset Management LLC acquired a new stake in shares of Franklin Income Focus ETF in the fourth quarter valued at approximately $201,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth approximately $214,000.

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.