Franklin Income Equity Focus ETF (NYSEARCA:INCE – Get Free Report) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 3,989 shares, a decline of 46.9% from the April 15th total of 7,514 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 11,170 shares, the short-interest ratio is currently 0.4 days.
Institutional Trading of Franklin Income Equity Focus ETF
A number of large investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in Franklin Income Equity Focus ETF during the 4th quarter worth approximately $35,000. JPMorgan Chase & Co. boosted its holdings in shares of Franklin Income Equity Focus ETF by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 867 shares of the company’s stock valued at $50,000 after buying an additional 233 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of Franklin Income Equity Focus ETF during the fourth quarter worth $86,000. World Investment Advisors acquired a new stake in shares of Franklin Income Equity Focus ETF during the fourth quarter worth $204,000. Finally, Independent Financial Group LLC acquired a new stake in shares of Franklin Income Equity Focus ETF during the first quarter worth $210,000.
Franklin Income Equity Focus ETF Stock Performance
NYSEARCA:INCE traded down $0.25 on Friday, reaching $66.58. The company’s stock had a trading volume of 21,298 shares, compared to its average volume of 14,824. Franklin Income Equity Focus ETF has a 1-year low of $54.95 and a 1-year high of $67.32. The business’s 50-day moving average price is $65.58 and its two-hundred day moving average price is $63.52. The firm has a market cap of $116.52 million, a PE ratio of 17.48 and a beta of 0.75.
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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