Short Interest in Franklin Income Equity Focus ETF (NYSEARCA:INCE) Grows By 273.2%

Franklin Income Equity Focus ETF (NYSEARCA:INCE) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 14,885 shares, an increase of 273.2% from the April 30th total of 3,989 shares. Based on an average daily trading volume, of 16,700 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.9% of the shares of the stock are sold short.

Franklin Income Equity Focus ETF Stock Up 0.2%

INCE stock traded up $0.15 during trading on Friday, reaching $67.52. The company’s stock had a trading volume of 2,863 shares, compared to its average volume of 14,482. Franklin Income Equity Focus ETF has a 1 year low of $55.12 and a 1 year high of $68.00. The company has a market capitalization of $118.16 million, a P/E ratio of 17.48 and a beta of 0.75. The company’s fifty day moving average is $65.94 and its 200-day moving average is $64.05.

Institutional Trading of Franklin Income Equity Focus ETF

Institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new position in Franklin Income Equity Focus ETF in the 1st quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new position in shares of Franklin Income Equity Focus ETF in the fourth quarter worth $35,000. JPMorgan Chase & Co. lifted its holdings in shares of Franklin Income Equity Focus ETF by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 867 shares of the company’s stock worth $50,000 after buying an additional 233 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Franklin Income Equity Focus ETF in the fourth quarter worth $86,000. Finally, World Investment Advisors purchased a new position in Franklin Income Equity Focus ETF during the fourth quarter valued at $204,000.

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.