Franklin Income Focus ETF (NYSEARCA:INCM – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 22,835 shares, a decrease of 77.0% from the July 30th total of 99,470 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 398,979 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in Franklin Income Focus ETF by 40.2% in the fourth quarter. LPL Financial LLC now owns 3,821,161 shares of the company’s stock valued at $107,145,000 after purchasing an additional 1,096,264 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Franklin Income Focus ETF by 23.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,966,825 shares of the company’s stock worth $55,150,000 after purchasing an additional 377,352 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Franklin Income Focus ETF by 35.2% during the 4th quarter. Royal Bank of Canada now owns 1,334,830 shares of the company’s stock valued at $37,428,000 after buying an additional 347,817 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Franklin Income Focus ETF by 15.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after buying an additional 258,689 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Franklin Income Focus ETF by 32.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 908,507 shares of the company’s stock valued at $25,203,000 after buying an additional 223,654 shares in the last quarter.
Franklin Income Focus ETF Price Performance
NYSEARCA INCM remained flat at $29.62 during trading on Thursday. The company’s stock had a trading volume of 398,952 shares, compared to its average volume of 361,907. Franklin Income Focus ETF has a 12-month low of $27.40 and a 12-month high of $29.95. The stock has a fifty day moving average price of $29.25 and a two-hundred day moving average price of $29.20. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -50,459.97 and a beta of 0.40.
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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