Franklin Income Focus ETF (NYSEARCA:INCM) Stock Short Interest Report for September

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 106,843 shares, a decrease of 42.1% from the September 15th total of 184,604 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 455,517 shares, the short-interest ratio is presently 0.2 days.

Franklin Income Focus ETF Price Performance

INCM traded up $0.07 during midday trading on Thursday, reaching $28.84. 356,207 shares of the company’s stock traded hands, compared to its average volume of 371,115. Franklin Income Focus ETF has a 52 week low of $27.40 and a 52 week high of $29.95. The firm has a fifty day moving average of $29.18 and a two-hundred day moving average of $29.16. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -49,139.69 and a beta of 0.41.

Institutional Investors Weigh In On Franklin Income Focus ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. HBW Advisory Services LLC raised its stake in Franklin Income Focus ETF by 2.2% during the third quarter. HBW Advisory Services LLC now owns 52,797 shares of the company’s stock valued at $1,503,000 after buying an additional 1,113 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Franklin Income Focus ETF during the 3rd quarter valued at about $186,000. B. Riley Wealth Advisors Inc. bought a new stake in Franklin Income Focus ETF during the 3rd quarter valued at about $213,000. Williams & Novak Wealth Management LLC purchased a new position in Franklin Income Focus ETF in the third quarter worth about $208,000. Finally, Bill Few Associates Inc. grew its holdings in shares of Franklin Income Focus ETF by 5.0% during the third quarter. Bill Few Associates Inc. now owns 14,981 shares of the company’s stock valued at $426,000 after buying an additional 708 shares during the last quarter.

Franklin Income Focus ETF Company Profile

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.