Franklin Income Equity Focus ETF (NYSEARCA:INCE) Short Interest Update

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,836 shares, a drop of 52.2% from the December 15th total of 3,842 shares. Based on an average daily trading volume, of 3,346 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,346 shares, the days-to-cover ratio is currently 0.5 days.

Franklin Income Equity Focus ETF Stock Up 0.7%

INCE stock traded up $0.44 during trading on Wednesday, hitting $63.39. The company had a trading volume of 5,285 shares, compared to its average volume of 6,465. The firm has a 50-day moving average price of $60.69 and a 200-day moving average price of $59.54. The firm has a market cap of $117.27 million, a PE ratio of 17.48 and a beta of 0.82. Franklin Income Equity Focus ETF has a 1-year low of $49.68 and a 1-year high of $63.48.

Institutional Investors Weigh In On Franklin Income Equity Focus ETF

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. grew its position in Franklin Income Equity Focus ETF by 23.2% in the 2nd quarter. Raymond James Financial Inc. now owns 195,256 shares of the company’s stock valued at $11,221,000 after buying an additional 36,832 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Franklin Income Equity Focus ETF by 132.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 38,430 shares of the company’s stock worth $2,160,000 after acquiring an additional 21,931 shares during the period. Jane Street Group LLC lifted its stake in shares of Franklin Income Equity Focus ETF by 78.3% in the 1st quarter. Jane Street Group LLC now owns 24,494 shares of the company’s stock worth $1,377,000 after acquiring an additional 10,756 shares during the period. Mariner LLC boosted its holdings in shares of Franklin Income Equity Focus ETF by 69.0% in the third quarter. Mariner LLC now owns 8,963 shares of the company’s stock valued at $531,000 after acquiring an additional 3,658 shares in the last quarter. Finally, NFP Retirement Inc. increased its stake in shares of Franklin Income Equity Focus ETF by 32.5% during the second quarter. NFP Retirement Inc. now owns 11,888 shares of the company’s stock worth $683,000 after acquiring an additional 2,918 shares during the period.

About Franklin Income Equity Focus ETF

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.