Franklin Income Focus ETF (NYSEARCA:INCM) Short Interest Down 43.1% in January

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 36,548 shares, a decrease of 43.1% from the January 15th total of 64,210 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 368,130 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 368,130 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Franklin Income Focus ETF Stock Up 0.4%

Shares of NYSEARCA:INCM traded up $0.11 during trading on Friday, reaching $29.48. The stock had a trading volume of 269,528 shares, compared to its average volume of 362,048. The stock has a fifty day simple moving average of $28.55 and a two-hundred day simple moving average of $27.98. Franklin Income Focus ETF has a 52 week low of $24.62 and a 52 week high of $29.57. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -50,221.47 and a beta of 0.49.

Franklin Income Focus ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 30th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 4.9%. Franklin Income Focus ETF’s payout ratio is currently -240,204.42%.

Institutional Investors Weigh In On Franklin Income Focus ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Franklin Income Focus ETF by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock worth $630,000 after purchasing an additional 442 shares during the last quarter. HBW Advisory Services LLC increased its position in Franklin Income Focus ETF by 4.1% in the 3rd quarter. HBW Advisory Services LLC now owns 11,456 shares of the company’s stock worth $318,000 after buying an additional 451 shares during the period. Sanctuary Advisors LLC increased its position in Franklin Income Focus ETF by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 50,639 shares of the company’s stock worth $1,420,000 after buying an additional 472 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of Franklin Income Focus ETF by 0.9% during the third quarter. Arkadios Wealth Advisors now owns 61,521 shares of the company’s stock worth $1,707,000 after buying an additional 573 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in shares of Franklin Income Focus ETF by 0.5% in the third quarter. Lido Advisors LLC now owns 139,305 shares of the company’s stock valued at $3,880,000 after acquiring an additional 687 shares during the period.

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.