Franklin Income Focus ETF (NYSEARCA:INCM) Sees Significant Growth in Short Interest

Franklin Income Focus ETF (NYSEARCA:INCM) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 203,631 shares, an increase of 90.6% from the September 30th total of 106,843 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 415,110 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC grew its holdings in Franklin Income Focus ETF by 108.1% during the 2nd quarter. Citadel Advisors LLC now owns 42,856 shares of the company’s stock valued at $1,237,000 after buying an additional 22,266 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Franklin Income Focus ETF by 84.6% during the first quarter. Janney Montgomery Scott LLC now owns 121,730 shares of the company’s stock worth $3,500,000 after acquiring an additional 55,793 shares during the last quarter. Royal Bank of Canada increased its holdings in Franklin Income Focus ETF by 16.7% in the 1st quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock valued at $44,801,000 after acquiring an additional 223,466 shares during the last quarter. Bank of America Corp DE increased its holdings in Franklin Income Focus ETF by 8.2% in the 1st quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock valued at $38,574,000 after acquiring an additional 102,252 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Franklin Income Focus ETF in the 2nd quarter worth $579,000.

Franklin Income Focus ETF Stock Down 0.9%

Shares of Franklin Income Focus ETF stock opened at $29.20 on Friday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -49,744.46 and a beta of 0.41. The stock’s 50-day simple moving average is $29.08 and its 200-day simple moving average is $29.13. Franklin Income Focus ETF has a 52 week low of $27.40 and a 52 week high of $29.95.

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.