Franklin Income Focus ETF (NYSEARCA:INCM) Sees Significant Decrease in Short Interest

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 36,548 shares, a decrease of 43.1% from the January 15th total of 64,210 shares. Based on an average trading volume of 368,130 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 368,130 shares, the short-interest ratio is presently 0.1 days.

Franklin Income Focus ETF Stock Performance

Shares of NYSEARCA:INCM traded up $0.11 on Friday, hitting $29.48. The stock had a trading volume of 269,528 shares, compared to its average volume of 362,048. The firm’s 50 day moving average price is $28.55 and its 200-day moving average price is $27.98. Franklin Income Focus ETF has a twelve month low of $24.62 and a twelve month high of $29.57. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -50,221.47 and a beta of 0.49.

Franklin Income Focus ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 30th were given a $0.12 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 4.9%. Franklin Income Focus ETF’s payout ratio is -240,204.42%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Assetmark Inc. acquired a new position in shares of Franklin Income Focus ETF in the 4th quarter worth approximately $35,000. Comerica Bank acquired a new stake in Franklin Income Focus ETF during the 1st quarter valued at $53,000. International Assets Investment Management LLC bought a new position in Franklin Income Focus ETF in the 4th quarter valued at $90,000. Titleist Asset Management LLC acquired a new position in Franklin Income Focus ETF in the fourth quarter worth $201,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in shares of Franklin Income Focus ETF during the third quarter worth $214,000.

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.