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

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 14,240 shares, an increase of 630.6% from the January 15th total of 1,949 shares. Based on an average trading volume of 15,781 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company’s stock are sold short. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 15,781 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On Franklin Income Equity Focus ETF

Several institutional investors have recently made changes to their positions in INCE. D.A. Davidson & CO. lifted its stake in Franklin Income Equity Focus ETF by 5.6% in the second quarter. D.A. Davidson & CO. now owns 39,730 shares of the company’s stock valued at $2,283,000 after acquiring an additional 2,115 shares during the last quarter. NFP Retirement Inc. increased its stake in shares of Franklin Income Equity Focus ETF by 32.5% during the 2nd quarter. NFP Retirement Inc. now owns 11,888 shares of the company’s stock worth $683,000 after purchasing an additional 2,918 shares during the last quarter. CWM LLC raised its holdings in shares of Franklin Income Equity Focus ETF by 237.0% during the 2nd quarter. CWM LLC now owns 2,268 shares of the company’s stock valued at $130,000 after purchasing an additional 1,595 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Franklin Income Equity Focus ETF in the 4th quarter valued at $86,000. Finally, World Investment Advisors bought a new stake in Franklin Income Equity Focus ETF in the fourth quarter worth $204,000.

Franklin Income Equity Focus ETF Stock Performance

Shares of NYSEARCA:INCE traded up $0.22 during midday trading on Tuesday, hitting $66.57. 6,462 shares of the stock were exchanged, compared to its average volume of 12,754. The company has a market capitalization of $119.83 million, a PE ratio of 17.48 and a beta of 0.82. Franklin Income Equity Focus ETF has a 52-week low of $49.68 and a 52-week high of $66.78. The business’s fifty day simple moving average is $62.64 and its two-hundred day simple moving average is $60.36.

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.