Franklin Income Focus ETF (NYSEARCA:INCM – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 106,843 shares, a decrease of 42.1% from the September 15th total of 184,604 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 455,517 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On Franklin Income Focus ETF
Institutional investors have recently added to or reduced their stakes in the company. Wellington Altus USA Inc. increased its stake in Franklin Income Focus ETF by 17.1% during the second quarter. Wellington Altus USA Inc. now owns 2,398 shares of the company’s stock worth $69,000 after acquiring an additional 350 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Franklin Income Focus ETF by 43.0% in the 1st quarter. Assetmark Inc. now owns 1,797 shares of the company’s stock worth $52,000 after purchasing an additional 540 shares during the period. Asset Allocation Strategies LLC lifted its stake in shares of Franklin Income Focus ETF by 3.9% in the 2nd quarter. Asset Allocation Strategies LLC now owns 17,008 shares of the company’s stock valued at $491,000 after purchasing an additional 643 shares in the last quarter. Titleist Asset Management LLC lifted its stake in shares of Franklin Income Focus ETF by 9.0% in the 3rd quarter. Titleist Asset Management LLC now owns 7,820 shares of the company’s stock valued at $223,000 after purchasing an additional 645 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Franklin Income Focus ETF by 3.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,664 shares of the company’s stock valued at $567,000 after purchasing an additional 659 shares in the last quarter.
Franklin Income Focus ETF Stock Up 0.3%
Shares of INCM stock traded up $0.08 on Friday, reaching $28.93. 457,668 shares of the stock were exchanged, compared to its average volume of 372,210. The stock has a market cap of $1.94 billion, a P/E ratio of -49,284.50 and a beta of 0.41. The firm has a 50 day moving average of $29.16 and a two-hundred day moving average of $29.16. Franklin Income Focus ETF has a 1-year low of $27.40 and a 1-year 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.
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