Franklin Income Equity Focus ETF (NYSEARCA:INCE) Shares Shorted: Short Interest Up 166.8% in October

Franklin Income Equity Focus ETF (NYSEARCA:INCE) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 7,930 shares, a growth of 166.8% from the September 30th total of 2,972 shares. Based on an average daily trading volume, of 66,130 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Franklin Income Equity Focus ETF Stock Down 0.8%

INCE opened at $68.89 on Friday. Franklin Income Equity Focus ETF has a 12 month low of $58.26 and a 12 month high of $70.08. The company has a fifty day simple moving average of $67.76 and a 200 day simple moving average of $66.83. The stock has a market cap of $368.56 million, a P/E ratio of 17.48 and a beta of 0.74.

Hedge Funds Weigh In On Franklin Income Equity Focus ETF

Institutional investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new stake in Franklin Income Equity Focus ETF during the 1st quarter worth approximately $33,000. Independent Financial Group LLC acquired a new position in shares of Franklin Income Equity Focus ETF in the first quarter valued at approximately $210,000. AlphaStar Capital Management LLC acquired a new position in shares of Franklin Income Equity Focus ETF in the third quarter valued at approximately $400,000. Sanctuary Advisors LLC increased its position in shares of Franklin Income Equity Focus ETF by 9.5% during the first quarter. Sanctuary Advisors LLC now owns 10,326 shares of the company’s stock worth $668,000 after acquiring an additional 897 shares in the last quarter. Finally, Wealthspire Retirement LLC increased its position in shares of Franklin Income Equity Focus ETF by 4.1% during the first quarter. Wealthspire Retirement LLC now owns 13,130 shares of the company’s stock worth $849,000 after acquiring an additional 519 shares in the last quarter.

Franklin Income Equity Focus ETF Company Profile

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.