Short Interest in Franklin Income Equity Focus ETF (NYSEARCA:INCE) Grows By 273.2%

Franklin Income Equity Focus ETF (NYSEARCA:INCE) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 14,885 shares, a growth of 273.2% from the April 30th total of 3,989 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 16,700 shares, the short-interest ratio is presently 0.9 days.

Franklin Income Equity Focus ETF Trading Up 0.2%

INCE stock traded up $0.15 during midday trading on Friday, hitting $67.52. The company’s stock had a trading volume of 2,863 shares, compared to its average volume of 14,482. The firm’s 50-day moving average is $65.94 and its 200-day moving average is $64.05. Franklin Income Equity Focus ETF has a 12 month low of $55.12 and a 12 month high of $68.00. The company has a market cap of $118.16 million, a PE ratio of 17.48 and a beta of 0.75.

Hedge Funds Weigh In On Franklin Income Equity Focus ETF

Several hedge funds and other institutional investors have recently bought and sold shares of INCE. Western Wealth Management LLC bought a new stake in shares of Franklin Income Equity Focus ETF in the first quarter worth approximately $33,000. Cetera Investment Advisers raised its stake in Franklin Income Equity Focus ETF by 150.4% during the 1st quarter. Cetera Investment Advisers now owns 51,130 shares of the company’s stock valued at $3,306,000 after buying an additional 30,713 shares during the last quarter. Wealthspire Retirement LLC lifted its holdings in shares of Franklin Income Equity Focus ETF by 4.1% during the 1st quarter. Wealthspire Retirement LLC now owns 13,130 shares of the company’s stock valued at $849,000 after buying an additional 519 shares during the period. Independent Financial Group LLC bought a new position in shares of Franklin Income Equity Focus ETF during the 1st quarter valued at $210,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Franklin Income Equity Focus ETF in the 1st quarter worth $1,058,000.

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.