Franklin Income Focus ETF (NYSEARCA:INCM) Shares Shorted: Short Interest Up 90.6% in October

Franklin Income Focus ETF (NYSEARCA:INCM) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 203,631 shares, an increase of 90.6% from the September 30th total of 106,843 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 415,110 shares, the short-interest ratio is presently 0.5 days.

Franklin Income Focus ETF Trading Down 0.2%

Franklin Income Focus ETF stock traded down $0.07 during mid-day trading on Monday, hitting $29.13. The stock had a trading volume of 256,630 shares, compared to its average volume of 377,376. The stock has a market capitalization of $2.01 billion, a PE ratio of -49,625.21 and a beta of 0.41. Franklin Income Focus ETF has a 12 month low of $27.40 and a 12 month high of $29.95. The stock has a 50-day simple moving average of $29.08 and a two-hundred day simple moving average of $29.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of Franklin Income Focus ETF by 16.7% during the first 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 in the last quarter. Bank of America Corp DE raised 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 worth $38,574,000 after buying an additional 102,252 shares during the period. Cetera Investment Advisers lifted its holdings in Franklin Income Focus ETF by 7.8% during the first quarter. Cetera Investment Advisers now owns 621,105 shares of the company’s stock worth $17,857,000 after acquiring an additional 44,721 shares in the last quarter. Next Level Private LLC lifted its holdings in Franklin Income Focus ETF by 11.1% during the second quarter. Next Level Private LLC now owns 439,360 shares of the company’s stock worth $12,678,000 after acquiring an additional 43,892 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new position in Franklin Income Focus ETF in the third quarter valued at about $12,397,000.

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.