Franklin Income Equity Focus ETF (NYSEARCA:INCE) Short Interest Down 52.9% in February

Franklin Income Equity Focus ETF (NYSEARCA:INCE) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 6,713 shares, a decline of 52.9% from the January 29th total of 14,240 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,028 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 17,028 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Franklin Income Equity Focus ETF

Several institutional investors have recently bought and sold shares of INCE. Wealthspire Retirement LLC increased its holdings in shares of Franklin Income Equity Focus ETF by 3.5% in the 4th quarter. Wealthspire Retirement LLC now owns 12,611 shares of the company’s stock worth $770,000 after buying an additional 431 shares during the last quarter. OLD Mission Capital LLC purchased a new position in Franklin Income Equity Focus ETF in the fourth quarter worth about $2,373,000. Royal Bank of Canada increased its stake in Franklin Income Equity Focus ETF by 43.8% during the fourth quarter. Royal Bank of Canada now owns 28,009 shares of the company’s stock worth $1,711,000 after acquiring an additional 8,526 shares during the last quarter. UMB Bank n.a. purchased a new stake in Franklin Income Equity Focus ETF during the fourth quarter valued at approximately $14,286,000. Finally, LPL Financial LLC lifted its stake in shares of Franklin Income Equity Focus ETF by 3.4% in the 4th quarter. LPL Financial LLC now owns 361,560 shares of the company’s stock valued at $22,090,000 after purchasing an additional 11,962 shares during the last quarter.

Franklin Income Equity Focus ETF Stock Up 0.2%

NYSEARCA INCE traded up $0.11 during trading on Friday, hitting $66.99. 3,946 shares of the stock traded hands, compared to its average volume of 12,701. Franklin Income Equity Focus ETF has a 12-month low of $49.68 and a 12-month high of $67.32. The firm has a 50-day simple moving average of $64.20 and a 200-day simple moving average of $61.18. The company has a market capitalization of $120.58 million, a P/E ratio of 17.48 and a beta of 0.82.

Franklin Income Equity Focus ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 27th will be given a $0.30 dividend. This is a boost from Franklin Income Equity Focus ETF’s previous monthly dividend of $0.22. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, February 27th.

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.