Franklin Income Equity Focus ETF (NYSEARCA:INCE) Sees Significant Growth in Short Interest

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,842 shares, an increase of 42.0% from the November 30th total of 2,705 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 4,577 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 4,577 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of Franklin Income Equity Focus ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. raised its stake in Franklin Income Equity Focus ETF by 15.1% in the 3rd quarter. Raymond James Financial Inc. now owns 224,815 shares of the company’s stock valued at $13,326,000 after purchasing an additional 29,559 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Franklin Income Equity Focus ETF by 1.4% during the third quarter. D.A. Davidson & CO. now owns 40,305 shares of the company’s stock worth $2,389,000 after buying an additional 575 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Franklin Income Equity Focus ETF by 132.9% in the first quarter. Goldman Sachs Group Inc. now owns 38,430 shares of the company’s stock valued at $2,160,000 after buying an additional 21,931 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Franklin Income Equity Focus ETF by 6.6% in the first quarter. Royal Bank of Canada now owns 35,805 shares of the company’s stock worth $2,012,000 after buying an additional 2,230 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in Franklin Income Equity Focus ETF by 8.4% during the second quarter. Osaic Holdings Inc. now owns 31,080 shares of the company’s stock worth $1,786,000 after acquiring an additional 2,398 shares during the last quarter.

Franklin Income Equity Focus ETF Stock Down 0.1%

Shares of NYSEARCA:INCE traded down $0.09 during trading on Monday, reaching $61.58. 2,317 shares of the company’s stock traded hands, compared to its average volume of 6,375. Franklin Income Equity Focus ETF has a fifty-two week low of $49.68 and a fifty-two week high of $61.80. The company has a 50-day simple moving average of $60.07 and a 200-day simple moving average of $59.12. The firm has a market cap of $107.77 million, a PE ratio of 17.48 and a beta of 0.82.

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.