Franklin Income Focus ETF (NYSEARCA:INCM) Short Interest Up 338.9% in August

Franklin Income Focus ETF (NYSEARCA:INCM) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 100,217 shares, a growth of 338.9% from the August 15th total of 22,835 shares. Based on an average daily trading volume, of 371,630 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Franklin Income Focus ETF Price Performance

NYSEARCA:INCM traded up $0.04 during trading hours on Friday, hitting $29.23. 380,179 shares of the company were exchanged, compared to its average volume of 364,269. The company’s 50 day moving average price is $29.33 and its 200-day moving average price is $29.20. Franklin Income Focus ETF has a 52-week low of $27.40 and a 52-week high of $29.95. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -49,795.57 and a beta of 0.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Franklin Income Focus ETF by 1.9% during the 2nd 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. Assetmark Inc. grew its holdings in Franklin Income Focus ETF by 43.0% during the first quarter. Assetmark Inc. now owns 1,797 shares of the company’s stock worth $52,000 after acquiring an additional 540 shares during the period. Asset Allocation Strategies LLC raised its position in Franklin Income Focus ETF by 3.9% in the second quarter. Asset Allocation Strategies LLC now owns 17,008 shares of the company’s stock worth $491,000 after acquiring an additional 643 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Franklin Income Focus ETF by 3.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,664 shares of the company’s stock valued at $567,000 after acquiring an additional 659 shares during the period. Finally, Lido Advisors LLC boosted its position in shares of Franklin Income Focus ETF by 0.5% during the 3rd quarter. Lido Advisors LLC now owns 139,305 shares of the company’s stock worth $3,880,000 after purchasing an additional 687 shares in the last quarter.

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.