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

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 55,287 shares, a growth of 24.7% from the December 15th total of 44,337 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 273,967 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 273,967 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Comerica Bank bought a new stake in shares of Franklin Income Focus ETF during the first quarter valued at about $53,000. Nations Financial Group Inc. IA ADV bought a new position in Franklin Income Focus ETF in the 3rd quarter valued at $214,000. PFG Advisors bought a new position in Franklin Income Focus ETF in the 2nd quarter worth about $217,000. Oppenheimer & Co. Inc. bought a new stake in Franklin Income Focus ETF in the third quarter worth $242,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in Franklin Income Focus ETF in the 4th quarter worth $267,000.

Franklin Income Focus ETF Price Performance

Shares of INCM stock opened at $28.64 on Tuesday. The company’s fifty day simple moving average is $28.10 and its two-hundred day simple moving average is $27.75. Franklin Income Focus ETF has a 1 year low of $24.62 and a 1 year high of $28.78. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -48,790.46 and a beta of 0.49.

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.