Franklin Income Focus ETF (NYSEARCA:INCM) Short Interest Down 22.9% in December

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 44,337 shares, a decrease of 22.9% from the November 30th total of 57,525 shares. Based on an average daily trading volume, of 291,817 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 291,817 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of INCM. Comerica Bank acquired a new stake in Franklin Income Focus ETF in the 1st quarter valued at approximately $53,000. Jacobi Capital Management LLC acquired a new stake in shares of Franklin Income Focus ETF in the 1st quarter valued at $202,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth about $214,000. PFG Advisors acquired a new stake in Franklin Income Focus ETF during the second quarter worth approximately $217,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Franklin Income Focus ETF in the third quarter valued at $242,000.

Franklin Income Focus ETF Stock Performance

Shares of INCM stock traded down $0.13 on Tuesday, reaching $28.14. 266,628 shares of the company were exchanged, compared to its average volume of 213,212. Franklin Income Focus ETF has a 1 year low of $24.62 and a 1 year high of $28.43. The business has a 50-day moving average price of $27.92 and a 200 day moving average price of $27.61. The company has a market cap of $951.13 million, a price-to-earnings ratio of -47,938.67 and a beta of 0.49.

About Franklin Income Focus ETF

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.