Franklin Income Focus ETF (NYSEARCA:INCM) Short Interest Update

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant decrease in short interest during the month of 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. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 398,979 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INCM. LPL Financial LLC boosted its holdings in Franklin Income Focus ETF by 40.2% during the fourth quarter. LPL Financial LLC now owns 3,821,161 shares of the company’s stock valued at $107,145,000 after acquiring an additional 1,096,264 shares during the period. Wells Fargo & Company MN increased its stake in shares of Franklin Income Focus ETF by 23.7% in the fourth 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 during the period. Raymond James Financial Inc. lifted its position 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 worth $54,148,000 after purchasing an additional 258,689 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Franklin Income Focus ETF by 16.7% during the 1st quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock worth $44,801,000 after purchasing an additional 223,466 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Franklin Income Focus ETF by 8.2% during the 1st quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock valued at $38,574,000 after purchasing an additional 102,252 shares during the period.

Franklin Income Focus ETF Price Performance

Shares of INCM stock remained flat at $29.62 during trading on Thursday. The company had a trading volume of 398,952 shares, compared to its average volume of 361,907. The stock has a 50 day moving average price of $29.25 and a 200 day moving average price of $29.20. Franklin Income Focus ETF has a 1-year low of $27.40 and a 1-year high of $29.95. The firm has a market cap of $1.75 billion, a P/E ratio of -50,459.97 and a beta of 0.40.

Franklin Income Focus ETF Company Profile

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.