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

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 107,380 shares, a decline of 17.6% from the March 15th total of 130,357 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 295,872 shares, the short-interest ratio is presently 0.4 days.

Franklin Income Focus ETF Price Performance

Shares of INCM stock traded up $0.07 during trading on Friday, reaching $29.33. The company’s stock had a trading volume of 416,587 shares, compared to its average volume of 334,196. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -49,965.93 and a beta of 0.46. The stock’s 50-day moving average price is $29.10 and its 200 day moving average price is $28.46. Franklin Income Focus ETF has a 1-year low of $25.21 and a 1-year high of $29.57.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. XML Financial LLC raised its position in Franklin Income Focus ETF by 13.4% in the 1st quarter. XML Financial LLC now owns 33,865 shares of the company’s stock valued at $974,000 after purchasing an additional 4,000 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of Franklin Income Focus ETF by 337.7% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 60,651 shares of the company’s stock worth $1,744,000 after purchasing an additional 46,794 shares during the period. World Investment Advisors acquired a new position in shares of Franklin Income Focus ETF during the 4th quarter worth $517,000. NewEdge Advisors LLC grew its stake in shares of Franklin Income Focus ETF by 4.3% during the 4th quarter. NewEdge Advisors LLC now owns 104,250 shares of the company’s stock worth $2,923,000 after purchasing an additional 4,318 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Franklin Income Focus ETF by 8.3% during the 4th quarter. Cetera Investment Advisers now owns 576,384 shares of the company’s stock worth $16,162,000 after purchasing an additional 44,061 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.