Short Interest in Franklin Income Equity Focus ETF (NYSEARCA:INCE) Decreases By 39.9%

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 10,403 shares, a decline of 39.9% from the May 31st total of 17,310 shares. Based on an average daily trading volume, of 19,430 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin Income Equity Focus ETF

A number of large investors have recently made changes to their positions in INCE. UMB Bank n.a. bought a new stake in Franklin Income Equity Focus ETF in the fourth quarter worth $14,286,000. Franklin Resources Inc. raised its holdings in Franklin Income Equity Focus ETF by 44,052.9% during the fourth quarter. Franklin Resources Inc. now owns 100,227 shares of the company’s stock valued at $6,124,000 after buying an additional 100,000 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in shares of Franklin Income Equity Focus ETF in the fourth quarter worth about $2,373,000. Raymond James Financial Inc. lifted its position in shares of Franklin Income Equity Focus ETF by 23.2% in the second quarter. Raymond James Financial Inc. now owns 195,256 shares of the company’s stock worth $11,221,000 after buying an additional 36,832 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Franklin Income Equity Focus ETF by 150.4% in the first quarter. Cetera Investment Advisers now owns 51,130 shares of the company’s stock worth $3,306,000 after buying an additional 30,713 shares during the last quarter.

Franklin Income Equity Focus ETF Stock Performance

NYSEARCA:INCE traded up $0.36 during trading hours on Wednesday, hitting $66.98. 8,600 shares of the company’s stock traded hands, compared to its average volume of 15,175. The stock’s fifty day moving average price is $66.98 and its two-hundred day moving average price is $65.26. The firm has a market cap of $117.22 million, a P/E ratio of 17.48 and a beta of 0.74. Franklin Income Equity Focus ETF has a twelve month low of $56.65 and a twelve month high of $68.42.

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.