Franklin Income Equity Focus ETF (NYSEARCA:INCE) Short Interest Up 76.1% in April

Franklin Income Equity Focus ETF (NYSEARCA:INCE) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 7,514 shares, an increase of 76.1% from the March 31st total of 4,268 shares. Based on an average daily volume of 14,870 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Franklin Income Equity Focus ETF during the 4th quarter worth approximately $35,000. JPMorgan Chase & Co. lifted its position in shares of Franklin Income Equity Focus ETF by 36.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 867 shares of the company’s stock worth $50,000 after purchasing an additional 233 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Franklin Income Equity Focus ETF during the 4th quarter worth $86,000. World Investment Advisors acquired a new position in shares of Franklin Income Equity Focus ETF during the fourth quarter worth $204,000. Finally, CWM LLC grew its stake in shares of Franklin Income Equity Focus ETF by 125.3% during the third quarter. CWM LLC now owns 5,110 shares of the company’s stock worth $303,000 after purchasing an additional 2,842 shares in the last quarter.

Franklin Income Equity Focus ETF Stock Performance

INCE stock traded down $1.18 during mid-day trading on Monday, reaching $65.48. The company had a trading volume of 222 shares, compared to its average volume of 14,685. The firm has a fifty day simple moving average of $65.60 and a 200 day simple moving average of $62.88. The company has a market capitalization of $117.86 million, a price-to-earnings ratio of 17.48 and a beta of 0.79. Franklin Income Equity Focus ETF has a fifty-two week low of $52.89 and a fifty-two week high of $67.32.

Franklin Income Equity Focus ETF Company Profile

The Franklin Income Equity Focus ETF (INCE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks income and capital appreciation with lower volatility than the S&P 500 Index. The fund invests in stocks globally using proprietary fundamental research. INCE was launched on Sep 20, 2016 and is issued by Franklin Templeton.