Short Interest in Franklin Income Focus ETF (NYSEARCA:INCM) Increases By 112.9%

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 182,519 shares, a growth of 112.9% from the June 30th total of 85,710 shares. Based on an average daily volume of 409,377 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of Franklin Income Focus ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. bought a new stake in Franklin Income Focus ETF during the 4th quarter worth approximately $35,000. Comerica Bank acquired a new position in shares of Franklin Income Focus ETF in the 1st quarter valued at about $53,000. Geneos Wealth Management Inc. acquired a new position in Franklin Income Focus ETF in the first quarter valued at approximately $62,000. International Assets Investment Management LLC acquired a new position in shares of Franklin Income Focus ETF during the 4th quarter valued at $90,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Franklin Income Focus ETF in the 1st quarter valued at about $120,000.

Franklin Income Focus ETF Price Performance

NYSEARCA:INCM traded up $0.15 during trading hours on Tuesday, hitting $29.24. The company’s stock had a trading volume of 400,661 shares, compared to its average volume of 357,413. The stock has a fifty day simple moving average of $29.17 and a 200-day simple moving average of $29.09. Franklin Income Focus ETF has a twelve month low of $26.95 and a twelve month high of $29.57. The company has a market capitalization of $1.70 billion, a P/E ratio of -49,812.61 and a beta of 0.41.

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.