Short Interest in Franklin Income Focus ETF (NYSEARCA:INCM) Declines By 41.8%

Franklin Income Focus ETF (NYSEARCA:INCM) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 19,600 shares, a decline of 41.8% from the August 31st total of 33,700 shares. Based on an average trading volume of 211,900 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 211,900 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Franklin Income Focus ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Base Wealth Management LLC purchased a new stake in shares of Franklin Income Focus ETF during the second quarter worth about $7,346,000. Osaic Holdings Inc. raised its position in Franklin Income Focus ETF by 108.2% during the 2nd quarter. Osaic Holdings Inc. now owns 520,504 shares of the company’s stock valued at $14,081,000 after purchasing an additional 270,461 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in Franklin Income Focus ETF by 10.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 45,872 shares of the company’s stock worth $1,241,000 after buying an additional 4,480 shares during the period. Bank of America Corp DE purchased a new stake in Franklin Income Focus ETF in the 2nd quarter worth approximately $651,000. Finally, Ameriprise Financial Inc. grew its position in shares of Franklin Income Focus ETF by 18.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 684,853 shares of the company’s stock worth $18,522,000 after buying an additional 104,757 shares during the last quarter.

Franklin Income Focus ETF Price Performance

INCM opened at $27.84 on Tuesday. The stock’s 50 day simple moving average is $27.56 and its 200 day simple moving average is $26.89. The firm has a market cap of $864.43 million, a price-to-earnings ratio of -47,427.60 and a beta of 0.50. Franklin Income Focus ETF has a 1 year low of $24.62 and a 1 year high of $28.13.

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.