Franklin Income Focus ETF (NYSEARCA:INCM – Get Free Report) was the target 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 shares of the company are short sold. Based on an average daily trading volume, of 398,979 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of Franklin Income Focus ETF
A number of hedge funds have recently modified their holdings of INCM. Comerica Bank acquired a new stake in shares of Franklin Income Focus ETF during the 1st quarter worth approximately $53,000. Jane Street Group LLC raised its stake in shares of Franklin Income Focus ETF by 203.7% in the first quarter. Jane Street Group LLC now owns 132,673 shares of the company’s stock valued at $3,533,000 after purchasing an additional 88,985 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Franklin Income Focus ETF by 1.9% in the second quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock valued at $630,000 after purchasing an additional 442 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Franklin Income Focus ETF by 36.9% in the second quarter. NewEdge Advisors LLC now owns 90,344 shares of the company’s stock valued at $2,444,000 after purchasing an additional 24,366 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in Franklin Income Focus ETF by 14.9% in the second quarter. Raymond James Financial Inc. now owns 1,693,284 shares of the company’s stock worth $45,803,000 after purchasing an additional 219,781 shares during the period.
Franklin Income Focus ETF Stock Performance
NYSEARCA INCM opened at $29.53 on Friday. The firm has a 50-day simple moving average of $29.27 and a 200 day simple moving average of $29.20. Franklin Income Focus ETF has a twelve month low of $27.40 and a twelve month high of $29.95. The stock has a market cap of $1.74 billion, a PE ratio of -50,306.64 and a beta of 0.40.
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.
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