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

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 161,503 shares, an increase of 147.3% from the April 15th total of 65,301 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 304,917 shares, the short-interest ratio is currently 0.5 days.

Franklin Income Focus ETF Price Performance

NYSEARCA:INCM traded down $0.15 during mid-day trading on Friday, hitting $29.05. The company’s stock had a trading volume of 365,787 shares, compared to its average volume of 336,014. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -49,488.93 and a beta of 0.41. Franklin Income Focus ETF has a 1 year low of $26.25 and a 1 year high of $29.57. The business’s fifty day moving average is $29.03 and its two-hundred day moving average is $28.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. purchased a new position in Franklin Income Focus ETF in the 4th quarter valued at about $35,000. Comerica Bank purchased a new position in Franklin Income Focus ETF in the 1st quarter valued at about $53,000. Geneos Wealth Management Inc. purchased a new position in Franklin Income Focus ETF in the 1st quarter valued at about $62,000. International Assets Investment Management LLC purchased a new position in Franklin Income Focus ETF in the 4th quarter valued at about $90,000. Finally, Fifth Third Bancorp purchased a new position in Franklin Income Focus ETF in the 1st quarter valued at $144,000.

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.