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

Franklin Income Focus ETF (NYSEARCA:INCM) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 85,710 shares, a drop of 40.2% from the June 15th total of 143,382 shares. Based on an average daily volume of 354,523 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Franklin Income Focus ETF by 1.9% during the second quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock worth $630,000 after purchasing an additional 442 shares during the period. Sanctuary Advisors LLC grew its position in Franklin Income Focus ETF by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 50,639 shares of the company’s stock valued at $1,420,000 after purchasing an additional 472 shares during the period. Assetmark Inc. increased its stake in Franklin Income Focus ETF by 43.0% during the 1st quarter. Assetmark Inc. now owns 1,797 shares of the company’s stock valued at $52,000 after purchasing an additional 540 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Franklin Income Focus ETF by 3.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,664 shares of the company’s stock valued at $567,000 after purchasing an additional 659 shares in the last quarter. Finally, Lido Advisors LLC raised its holdings in Franklin Income Focus ETF by 0.5% during the third quarter. Lido Advisors LLC now owns 139,305 shares of the company’s stock worth $3,880,000 after buying an additional 687 shares during the last quarter.

Franklin Income Focus ETF Stock Up 0.3%

INCM traded up $0.10 during trading on Thursday, hitting $29.13. The company’s stock had a trading volume of 122,198 shares, compared to its average volume of 351,246. Franklin Income Focus ETF has a twelve month low of $26.95 and a twelve month high of $29.57. The stock’s fifty day moving average price is $29.18 and its 200-day moving average price is $29.04. The firm has a market capitalization of $1.66 billion, a P/E ratio of -49,625.21 and a beta of 0.41.

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.