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

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 10,403 shares, a drop of 39.9% from the May 31st total of 17,310 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 19,430 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Franklin Income Equity Focus ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INCE. Jane Street Group LLC lifted its holdings in shares of Franklin Income Equity Focus ETF by 78.3% during the first quarter. Jane Street Group LLC now owns 24,494 shares of the company’s stock worth $1,377,000 after buying an additional 10,756 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Franklin Income Equity Focus ETF by 1.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 16,728 shares of the company’s stock valued at $1,022,000 after acquiring an additional 229 shares during the period. Wealthspire Retirement LLC grew its stake in shares of Franklin Income Equity Focus ETF by 3.5% in the fourth quarter. Wealthspire Retirement LLC now owns 12,611 shares of the company’s stock worth $770,000 after acquiring an additional 431 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Franklin Income Equity Focus ETF in the fourth quarter worth $86,000. Finally, JPMorgan Chase & Co. increased its position in Franklin Income Equity Focus ETF by 36.8% during the second quarter. JPMorgan Chase & Co. now owns 867 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares during the period.

Franklin Income Equity Focus ETF Stock Performance

Shares of NYSEARCA:INCE traded up $0.70 during midday trading on Thursday, hitting $67.68. The company’s stock had a trading volume of 10,134 shares, compared to its average volume of 15,135. The stock’s 50 day simple moving average is $66.99 and its 200 day simple moving average is $65.30. The stock has a market capitalization of $128.59 million, a price-to-earnings ratio of 17.48 and a beta of 0.74. Franklin Income Equity Focus ETF has a fifty-two week low of $56.65 and a fifty-two week high of $68.42.

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.