Franklin Income Equity Focus ETF (NYSEARCA:INCE – Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 2,972 shares, a drop of 72.6% from the September 15th total of 10,830 shares. Based on an average trading volume of 60,783 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.
Franklin Income Equity Focus ETF Price Performance
Shares of INCE stock traded up $0.11 during trading on Monday, reaching $66.70. The company had a trading volume of 16,160 shares, compared to its average volume of 30,173. The firm’s 50 day simple moving average is $68.10 and its two-hundred day simple moving average is $67.23. Franklin Income Equity Focus ETF has a one year low of $58.26 and a one year high of $70.08. The company has a market capitalization of $356.85 million, a PE ratio of 17.48 and a beta of 0.74.
Hedge Funds Weigh In On Franklin Income Equity Focus ETF
A number of institutional investors have recently modified their holdings of INCE. Cetera Investment Advisers lifted its stake in shares of Franklin Income Equity Focus ETF by 150.4% in the first quarter. Cetera Investment Advisers now owns 51,130 shares of the company’s stock worth $3,306,000 after buying an additional 30,713 shares during the last quarter. Ethos Financial Group LLC bought a new stake in shares of Franklin Income Equity Focus ETF during the 1st quarter worth $1,058,000. World Investment Advisors acquired a new position in Franklin Income Equity Focus ETF in the 4th quarter valued at $204,000. Independent Financial Group LLC acquired a new position in Franklin Income Equity Focus ETF in the 1st quarter valued at $210,000. Finally, Sanctuary Advisors LLC grew its stake in Franklin Income Equity Focus ETF by 9.5% in the 1st quarter. Sanctuary Advisors LLC now owns 10,326 shares of the company’s stock valued at $668,000 after buying an additional 897 shares during the last quarter.
Franklin Income Equity Focus ETF Company Profile
The Franklin Income Equity Focus ETF (INCE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks income and capital appreciation with lower volatility than the S&P 500 Index. The fund invests in stocks globally using proprietary fundamental research. INCE was launched on Sep 20, 2016 and is issued by Franklin Templeton.
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