Franklin Income Focus ETF (NYSEARCA:INCM) Shares Shorted: Short Interest Down 42.1% in September

Franklin Income Focus ETF (NYSEARCA:INCM) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 106,843 shares, a decrease of 42.1% from the September 15th total of 184,604 shares. Based on an average daily volume of 455,517 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Franklin Income Focus ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HBW Advisory Services LLC boosted its stake in Franklin Income Focus ETF by 2.2% during the third quarter. HBW Advisory Services LLC now owns 52,797 shares of the company’s stock worth $1,503,000 after buying an additional 1,113 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Franklin Income Focus ETF during the third quarter valued at $186,000. B. Riley Wealth Advisors Inc. bought a new position in Franklin Income Focus ETF during the third quarter valued at $213,000. Williams & Novak Wealth Management LLC purchased a new stake in shares of Franklin Income Focus ETF in the third quarter valued at $208,000. Finally, Bill Few Associates Inc. raised its stake in shares of Franklin Income Focus ETF by 5.0% in the third quarter. Bill Few Associates Inc. now owns 14,981 shares of the company’s stock valued at $426,000 after acquiring an additional 708 shares during the period.

Franklin Income Focus ETF Price Performance

Shares of NYSEARCA:INCM traded up $0.08 during trading on Friday, hitting $28.93. The company had a trading volume of 457,668 shares, compared to its average volume of 372,210. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -49,284.50 and a beta of 0.41. Franklin Income Focus ETF has a one year low of $27.40 and a one year high of $29.95. The company has a fifty day simple moving average of $29.16 and a two-hundred day simple moving average of $29.16.

Franklin Income Focus ETF Company Profile

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.