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 February. As of February 27th, there was short interest totaling 10,291 shares, an increase of 53.3% from the February 12th total of 6,713 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 11,671 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 11,671 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INCE. International Assets Investment Management LLC bought a new position in shares of Franklin Income Equity Focus ETF in the fourth quarter valued at $35,000. Johnson Financial Group Inc. acquired a new stake in shares of Franklin Income Equity Focus ETF in the 2nd quarter worth about $39,000. JPMorgan Chase & Co. lifted its position in Franklin Income Equity Focus ETF by 36.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 867 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Franklin Income Equity Focus ETF during the 4th quarter valued at about $86,000. Finally, World Investment Advisors acquired a new position in Franklin Income Equity Focus ETF during the 4th quarter valued at about $204,000.

Franklin Income Equity Focus ETF Stock Performance

Shares of NYSEARCA INCE traded down $0.04 during midday trading on Friday, hitting $64.71. 12,484 shares of the stock traded hands, compared to its average volume of 14,828. The company has a market cap of $116.48 million, a PE ratio of 17.48 and a beta of 0.82. Franklin Income Equity Focus ETF has a one year low of $49.68 and a one year high of $67.32. The business has a 50 day moving average price of $65.02 and a two-hundred day moving average price of $61.63.

Franklin Income Equity Focus ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 27th were given a $0.30 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Franklin Income Equity Focus ETF’s previous monthly dividend of $0.22.

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.