Franklin Income Focus ETF (NYSEARCA:INCM) Short Interest Down 41.8% in September

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 19,600 shares, a decline of 41.8% from the August 31st total of 33,700 shares. Based on an average daily volume of 211,900 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 211,900 shares, the short-interest ratio is presently 0.1 days.

Franklin Income Focus ETF Trading Up 0.1%

Shares of NYSEARCA:INCM opened at $27.82 on Friday. Franklin Income Focus ETF has a 12 month low of $24.62 and a 12 month high of $28.13. The company has a market capitalization of $863.81 million, a price-to-earnings ratio of -47,393.53 and a beta of 0.50. The firm’s 50-day moving average is $27.55 and its 200 day moving average is $26.88.

Institutional Investors Weigh In On Franklin Income Focus ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. lifted its stake in shares of Franklin Income Focus ETF by 32.3% during the 1st quarter. Raymond James Financial Inc. now owns 1,473,503 shares of the company’s stock worth $39,239,000 after acquiring an additional 359,680 shares during the last quarter. LPL Financial LLC increased its stake in Franklin Income Focus ETF by 24.3% in the first quarter. LPL Financial LLC now owns 1,705,333 shares of the company’s stock worth $45,413,000 after purchasing an additional 333,406 shares during the period. Base Wealth Management LLC bought a new stake in shares of Franklin Income Focus ETF during the second quarter worth $7,346,000. Osaic Holdings Inc. boosted its stake in shares of Franklin Income Focus ETF by 108.2% during the second quarter. Osaic Holdings Inc. now owns 520,504 shares of the company’s stock valued at $14,081,000 after purchasing an additional 270,461 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Franklin Income Focus ETF by 34.6% during the second quarter. Cetera Investment Advisers now owns 428,152 shares of the company’s stock valued at $11,582,000 after purchasing an additional 109,968 shares during the period.

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.