Franklin Income Focus ETF (NYSEARCA:INCM) Short Interest Update

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 130,357 shares, an increase of 111.0% from the February 26th total of 61,780 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 359,834 shares, the days-to-cover ratio is currently 0.4 days.

Franklin Income Focus ETF Stock Down 0.3%

Shares of INCM stock traded down $0.08 on Thursday, reaching $28.76. The company’s stock had a trading volume of 368,679 shares, compared to its average volume of 338,070. The company has a market capitalization of $1.21 billion, a P/E ratio of -48,994.89 and a beta of 0.49. Franklin Income Focus ETF has a 12-month low of $24.62 and a 12-month high of $29.57. The stock’s 50 day simple moving average is $29.08 and its 200-day simple moving average is $28.32.

Institutional Trading of Franklin Income Focus ETF

Several institutional investors and hedge funds have recently modified their holdings of INCM. World Investment Advisors purchased a new position in shares of Franklin Income Focus ETF during the fourth quarter worth about $517,000. NewEdge Advisors LLC raised its stake in Franklin Income Focus ETF by 4.3% in the fourth quarter. NewEdge Advisors LLC now owns 104,250 shares of the company’s stock valued at $2,923,000 after purchasing an additional 4,318 shares in the last quarter. Cetera Investment Advisers raised its stake in Franklin Income Focus ETF by 8.3% in the fourth quarter. Cetera Investment Advisers now owns 576,384 shares of the company’s stock valued at $16,162,000 after purchasing an additional 44,061 shares in the last quarter. Advisory Services Network LLC lifted its position in Franklin Income Focus ETF by 27.2% during the fourth quarter. Advisory Services Network LLC now owns 39,648 shares of the company’s stock valued at $1,112,000 after purchasing an additional 8,484 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Franklin Income Focus ETF by 35.2% in the 4th quarter. Royal Bank of Canada now owns 1,334,830 shares of the company’s stock worth $37,428,000 after buying an additional 347,817 shares in the last quarter.

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.