Franklin Income Focus ETF (NYSEARCA:INCM – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 85,710 shares, a decrease of 40.2% from the June 15th total of 143,382 shares. Based on an average trading volume of 354,523 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.
Institutional Investors Weigh In On Franklin Income Focus ETF
Hedge funds have recently made changes to their positions in the company. Assetmark Inc. purchased a new position in Franklin Income Focus ETF during the 4th quarter valued at approximately $35,000. Comerica Bank purchased a new stake in shares of Franklin Income Focus ETF during the 1st quarter worth approximately $53,000. Geneos Wealth Management Inc. bought a new position in shares of Franklin Income Focus ETF during the 1st quarter valued at approximately $62,000. International Assets Investment Management LLC purchased a new position in shares of Franklin Income Focus ETF in the fourth quarter valued at $90,000. Finally, Western Wealth Management LLC purchased a new position in shares of Franklin Income Focus ETF in the first quarter valued at $120,000.
Franklin Income Focus ETF Stock Performance
INCM opened at $29.08 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -49,540.03 and a beta of 0.41. The company has a fifty day moving average of $29.18 and a 200 day moving average of $29.04. Franklin Income Focus ETF has a fifty-two week low of $26.95 and a fifty-two week high of $29.57.
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.
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