Short Interest in Franklin Income Focus ETF (NYSEARCA:INCM) Expands By 112.9%

Franklin Income Focus ETF (NYSEARCA:INCM) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 182,519 shares, an increase of 112.9% from the June 30th total of 85,710 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 409,377 shares, the days-to-cover ratio is presently 0.4 days.

Franklin Income Focus ETF Trading Down 0.4%

Shares of Franklin Income Focus ETF stock traded down $0.13 on Wednesday, hitting $29.11. 312,974 shares of the company traded hands, compared to its average volume of 357,102. The company has a market cap of $1.69 billion, a PE ratio of -49,591.14 and a beta of 0.41. The stock’s 50 day moving average price is $29.17 and its 200-day moving average price is $29.10. Franklin Income Focus ETF has a 52 week low of $26.95 and a 52 week high of $29.57.

Institutional Investors Weigh In On Franklin Income Focus ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of Franklin Income Focus ETF by 40.2% during the 4th quarter. LPL Financial LLC now owns 3,821,161 shares of the company’s stock worth $107,145,000 after buying an additional 1,096,264 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Franklin Income Focus ETF by 23.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,966,825 shares of the company’s stock valued at $55,150,000 after acquiring an additional 377,352 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Franklin Income Focus ETF by 15.3% in the third quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after acquiring an additional 258,689 shares in the last quarter. Royal Bank of Canada lifted its stake in Franklin Income Focus ETF by 16.7% in the first quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock worth $44,801,000 after acquiring an additional 223,466 shares during the period. Finally, Bank of America Corp DE lifted its stake in Franklin Income Focus ETF by 8.2% in the first quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock worth $38,574,000 after acquiring an additional 102,252 shares during the period.

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.