Franklin Income Focus ETF (NYSEARCA:INCM) Shares Shorted: Short Interest Down 42.1% in September

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 106,843 shares, a decline of 42.1% from the September 15th total of 184,604 shares. Based on an average daily volume of 455,517 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Trading of Franklin Income Focus ETF

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Franklin Income Focus ETF by 16.7% during the 1st quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock worth $44,801,000 after acquiring an additional 223,466 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Franklin Income Focus ETF by 8.2% in the first quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock valued at $38,574,000 after purchasing an additional 102,252 shares in the last quarter. Gateway Wealth Partners LLC increased its position in Franklin Income Focus ETF by 258.4% in the first quarter. Gateway Wealth Partners LLC now owns 123,624 shares of the company’s stock worth $3,554,000 after purchasing an additional 89,131 shares during the last quarter. Next Level Private LLC increased its position in Franklin Income Focus ETF by 27.4% in the first quarter. Next Level Private LLC now owns 395,468 shares of the company’s stock worth $11,370,000 after purchasing an additional 84,939 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Franklin Income Focus ETF by 129.8% during the first quarter. Bank of New York Mellon Corp now owns 134,167 shares of the company’s stock valued at $3,857,000 after purchasing an additional 75,772 shares in the last quarter.

Franklin Income Focus ETF Trading Up 0.3%

Shares of NYSEARCA:INCM traded up $0.07 during mid-day trading on Thursday, reaching $28.84. The stock had a trading volume of 356,207 shares, compared to its average volume of 371,115. The company has a market cap of $1.93 billion, a P/E ratio of -49,139.69 and a beta of 0.41. Franklin Income Focus ETF has a 1 year low of $27.40 and a 1 year high of $29.95. The business’s 50 day moving average price is $29.18 and its 200 day moving average price is $29.16.

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.