Franklin Income Equity Focus ETF (NYSEARCA:INCE) Short Interest Up 53.3% in February

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 10,291 shares, a growth of 53.3% from the February 12th total of 6,713 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 11,671 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 11,671 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the company’s shares are short sold.

Franklin Income Equity Focus ETF Stock Down 0.1%

Shares of NYSEARCA INCE traded down $0.04 during trading on Friday, reaching $64.71. The company had a trading volume of 12,484 shares, compared to its average volume of 14,828. The stock has a market cap of $116.48 million, a P/E ratio of 17.48 and a beta of 0.82. The company’s fifty day moving average price is $65.02 and its 200-day moving average price is $61.63. Franklin Income Equity Focus ETF has a 12 month low of $49.68 and a 12 month high of $67.32.

Franklin Income Equity Focus ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 27th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.6%. This is a boost from Franklin Income Equity Focus ETF’s previous monthly dividend of $0.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Franklin Income Equity Focus ETF by 1.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 16,728 shares of the company’s stock worth $1,022,000 after buying an additional 229 shares during the period. JPMorgan Chase & Co. boosted its position in Franklin Income Equity Focus ETF by 36.8% during the second quarter. JPMorgan Chase & Co. now owns 867 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in Franklin Income Equity Focus ETF by 4.0% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 6,324 shares of the company’s stock worth $375,000 after acquiring an additional 246 shares during the period. Wealthspire Retirement LLC grew its holdings in Franklin Income Equity Focus ETF by 3.5% during the 4th quarter. Wealthspire Retirement LLC now owns 12,611 shares of the company’s stock worth $770,000 after acquiring an additional 431 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of Franklin Income Equity Focus ETF by 1.4% in the 3rd quarter. D.A. Davidson & CO. now owns 40,305 shares of the company’s stock worth $2,389,000 after acquiring an additional 575 shares in the last quarter.

About Franklin Income Equity Focus ETF

The Franklin Income Equity Focus ETF (INCE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks income and capital appreciation with lower volatility than the S&P 500 Index. The fund invests in stocks globally using proprietary fundamental research. INCE was launched on Sep 20, 2016 and is issued by Franklin Templeton.