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

Franklin Income Focus ETF (NYSEARCA:INCM) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 61,662 shares, a growth of 68.7% from the January 29th total of 36,548 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 387,535 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 387,535 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Franklin Income Focus ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its stake in shares of Franklin Income Focus ETF by 40.2% in the fourth quarter. LPL Financial LLC now owns 3,821,161 shares of the company’s stock valued at $107,145,000 after buying an additional 1,096,264 shares in the last quarter. Wells Fargo & Company MN lifted its position in Franklin Income Focus ETF by 23.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,966,825 shares of the company’s stock valued at $55,150,000 after acquiring an additional 377,352 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Franklin Income Focus ETF by 15.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after purchasing an additional 258,689 shares during the last quarter. Royal Bank of Canada increased its holdings in Franklin Income Focus ETF by 35.2% during the 4th quarter. Royal Bank of Canada now owns 1,334,830 shares of the company’s stock worth $37,428,000 after purchasing an additional 347,817 shares in the last quarter. Finally, Summit Investment Advisory Services LLC raised its stake in shares of Franklin Income Focus ETF by 3.0% in the fourth quarter. Summit Investment Advisory Services LLC now owns 1,000,830 shares of the company’s stock worth $28,063,000 after purchasing an additional 29,408 shares during the last quarter.

Franklin Income Focus ETF Trading Down 0.5%

Franklin Income Focus ETF stock traded down $0.16 during midday trading on Monday, reaching $29.30. The stock had a trading volume of 132,886 shares, compared to its average volume of 342,821. The company has a fifty day moving average price of $28.83 and a two-hundred day moving average price of $28.15. Franklin Income Focus ETF has a 12 month low of $24.62 and a 12 month high of $29.57. The company has a market capitalization of $1.23 billion, a P/E ratio of -49,931.86 and a beta of 0.49.

Franklin Income Focus ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 27th will be issued a $0.13 dividend. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. This is an increase from Franklin Income Focus ETF’s previous monthly dividend of $0.12. Franklin Income Focus ETF’s dividend payout ratio (DPR) is -262,350.93%.

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.