Franklin Income Equity Focus ETF (NYSEARCA:INCE) Short Interest Update

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 14,240 shares, a growth of 630.6% from the January 15th total of 1,949 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 15,781 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 15,781 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in Franklin Income Equity Focus ETF during the fourth quarter worth about $35,000. Johnson Financial Group Inc. acquired a new position in shares of Franklin Income Equity Focus ETF in the 2nd quarter worth approximately $39,000. JPMorgan Chase & Co. raised its holdings in shares of Franklin Income Equity Focus ETF by 36.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 867 shares of the company’s stock worth $50,000 after buying an additional 233 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Franklin Income Equity Focus ETF during the 4th quarter worth approximately $86,000. Finally, CWM LLC boosted its stake in Franklin Income Equity Focus ETF by 237.0% in the 2nd quarter. CWM LLC now owns 2,268 shares of the company’s stock valued at $130,000 after buying an additional 1,595 shares in the last quarter.

Franklin Income Equity Focus ETF Stock Up 0.3%

INCE traded up $0.22 during trading on Tuesday, reaching $66.57. 6,462 shares of the company’s stock were exchanged, compared to its average volume of 12,754. The company has a market capitalization of $119.83 million, a P/E ratio of 17.48 and a beta of 0.82. The business has a 50 day moving average price of $62.64 and a 200 day moving average price of $60.36. Franklin Income Equity Focus ETF has a fifty-two week low of $49.68 and a fifty-two week high of $66.78.

About Franklin Income Equity Focus ETF

The Franklin Income Equity Focus ETF (INCE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks income and capital appreciation with lower volatility than the S&P 500 Index. The fund invests in stocks globally using proprietary fundamental research. INCE was launched on Sep 20, 2016 and is issued by Franklin Templeton.