Franklin Income Focus ETF (NYSEARCA:INCM) Short Interest Up 112.9% in July

Franklin Income Focus ETF (NYSEARCA:INCM) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 182,519 shares, an increase of 112.9% from the June 30th total of 85,710 shares. Based on an average trading volume of 409,377 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

Franklin Income Focus ETF Trading Up 0.5%

Shares of Franklin Income Focus ETF stock traded up $0.15 during trading on Tuesday, reaching $29.24. The stock had a trading volume of 400,661 shares, compared to its average volume of 357,413. The stock has a fifty day moving average price of $29.17 and a two-hundred day moving average price of $29.09. Franklin Income Focus ETF has a 52 week low of $26.95 and a 52 week high of $29.57. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -49,812.61 and a beta of 0.41.

Institutional Trading of Franklin Income Focus ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. acquired a new stake in shares of Franklin Income Focus ETF in the 4th quarter valued at approximately $35,000. Comerica Bank bought a new stake in shares of Franklin Income Focus ETF during the 1st quarter worth about $53,000. Geneos Wealth Management Inc. bought a new stake in shares of Franklin Income Focus ETF in the first quarter valued at about $62,000. International Assets Investment Management LLC acquired a new stake in shares of Franklin Income Focus ETF in the fourth quarter valued at approximately $90,000. Finally, Western Wealth Management LLC bought a new position in Franklin Income Focus ETF during the 1st quarter worth $120,000.

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.