Franklin Income Focus ETF (NYSEARCA:INCM – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 99,470 shares, a drop of 45.5% from the July 15th total of 182,519 shares. Based on an average daily volume of 423,490 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.
Institutional Investors Weigh In On Franklin Income Focus ETF
Several hedge funds have recently bought and sold shares of the business. Assetmark Inc. purchased a new position in Franklin Income Focus ETF during the 4th quarter valued at about $35,000. Comerica Bank purchased a new position in Franklin Income Focus ETF during the first quarter valued at approximately $53,000. Geneos Wealth Management Inc. purchased a new position in Franklin Income Focus ETF during the first quarter valued at approximately $62,000. International Assets Investment Management LLC acquired a new position in Franklin Income Focus ETF in the 4th quarter valued at approximately $90,000. Finally, Western Wealth Management LLC acquired a new position in Franklin Income Focus ETF in the 1st quarter valued at approximately $120,000.
Franklin Income Focus ETF Stock Up 0.0%
INCM opened at $29.56 on Wednesday. The stock has a fifty day moving average of $29.21 and a 200-day moving average of $29.17. The firm has a market capitalization of $1.74 billion, a P/E ratio of -50,357.75 and a beta of 0.40. Franklin Income Focus ETF has a 12-month low of $27.33 and a 12-month high of $29.75.
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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