Franklin Income Focus ETF (NYSEARCA:INCM) Sees Significant Decrease in Short Interest

Franklin Income Focus ETF (NYSEARCA:INCM) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 85,710 shares, a decrease of 40.2% from the June 15th total of 143,382 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 354,523 shares, the short-interest ratio is currently 0.2 days.

Franklin Income Focus ETF Price Performance

Shares of Franklin Income Focus ETF stock traded up $0.10 during midday trading on Thursday, reaching $29.13. The company had a trading volume of 122,198 shares, compared to its average volume of 351,246. The stock has a fifty day moving average price of $29.18 and a 200 day moving average price of $29.04. Franklin Income Focus ETF has a fifty-two week low of $26.95 and a fifty-two week high of $29.57. The firm has a market cap of $1.66 billion, a PE ratio of -49,625.21 and a beta of 0.41.

Institutional Investors Weigh In On Franklin Income Focus ETF

A number of institutional investors have recently modified their holdings of INCM. Comerica Bank bought a new position in Franklin Income Focus ETF during the first quarter worth $53,000. Jane Street Group LLC boosted its position in Franklin Income Focus ETF by 203.7% during the first quarter. Jane Street Group LLC now owns 132,673 shares of the company’s stock valued at $3,533,000 after acquiring an additional 88,985 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 442 shares during the period. NewEdge Advisors LLC grew its holdings in Franklin Income Focus ETF by 36.9% during the 2nd quarter. NewEdge Advisors LLC now owns 90,344 shares of the company’s stock worth $2,444,000 after acquiring an additional 24,366 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Franklin Income Focus ETF by 14.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,693,284 shares of the company’s stock worth $45,803,000 after acquiring an additional 219,781 shares in the last quarter.

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.