Franklin Income Focus ETF (NYSEARCA:INCM) Stock Short Interest Jumps 84.2%

by · The Markets Daily

Franklin Income Focus ETF (NYSEARCA:INCM – Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 184,604 shares, a growth of 84.2% from the August 31st total of 100,217 shares. Based on an average daily volume of 393,034 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of Franklin Income Focus ETF

Large investors have recently made changes to their positions in the business. Assetmark Inc. lifted its holdings in shares of Franklin Income Focus ETF by 43.0% in the 1st quarter. Assetmark Inc. now owns 1,797 shares of the company’s stock valued at $52,000 after acquiring an additional 540 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Franklin Income Focus ETF during the first quarter worth approximately $62,000. Wellington Altus USA Inc. raised its position in Franklin Income Focus ETF by 17.1% during the second quarter. Wellington Altus USA Inc. now owns 2,398 shares of the company’s stock valued at $69,000 after purchasing an additional 350 shares during the period. Western Wealth Management LLC purchased a new stake in Franklin Income Focus ETF during the first quarter valued at approximately $120,000. Finally, Fifth Third Bancorp purchased a new stake in Franklin Income Focus ETF during the first quarter valued at approximately $144,000.

Franklin Income Focus ETF Stock Down 0.2%

Franklin Income Focus ETF stock traded down $0.05 during mid-day trading on Tuesday, reaching $28.65. 467,845 shares of the company’s stock traded hands, compared to its average volume of 368,795. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -48,807.50 and a beta of 0.40. The stock has a 50 day moving average of $29.31 and a two-hundred day moving average of $29.18. Franklin Income Focus ETF has a 12-month low of $27.40 and a 12-month high of $29.95.

About Franklin Income Focus ETF

(Get Free Report)

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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