Franklin Income Equity Focus ETF (NYSEARCA:INCE) Shares Shorted: Short Interest Up 166.8% in October

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 7,930 shares, a growth of 166.8% from the September 30th total of 2,972 shares. Based on an average daily volume of 66,130 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Franklin Income Equity Focus ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of INCE. D.A. Davidson & CO. bought a new stake in shares of Franklin Income Equity Focus ETF in the third quarter valued at about $2,678,000. Cetera Investment Advisers lifted its stake in Franklin Income Equity Focus ETF by 150.4% during the 1st quarter. Cetera Investment Advisers now owns 51,130 shares of the company’s stock worth $3,306,000 after acquiring an additional 30,713 shares in the last quarter. Ethos Financial Group LLC purchased a new position in Franklin Income Equity Focus ETF in the first quarter valued at $1,058,000. AlphaStar Capital Management LLC acquired a new stake in shares of Franklin Income Equity Focus ETF in the third quarter valued at approximately $400,000. Finally, Independent Financial Group LLC purchased a new position in Franklin Income Equity Focus ETF during the 1st quarter worth $210,000.

Franklin Income Equity Focus ETF Price Performance

INCE stock traded up $0.48 during midday trading on Thursday, reaching $69.42. 18,330 shares of the stock were exchanged, compared to its average volume of 29,173. The company has a fifty day moving average price of $67.77 and a 200 day moving average price of $66.80. Franklin Income Equity Focus ETF has a 52 week low of $58.26 and a 52 week high of $70.08. The stock has a market capitalization of $371.40 million, a PE ratio of 17.48 and a beta of 0.74.

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.