Franklin Income Focus ETF (NYSEARCA:INCM – Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 161,503 shares, an increase of 147.3% from the April 15th total of 65,301 shares. Based on an average daily trading volume, of 304,917 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are short sold.
Franklin Income Focus ETF Trading Down 0.5%
INCM traded down $0.15 during trading hours on Friday, hitting $29.05. 365,787 shares of the company’s stock were exchanged, compared to its average volume of 336,014. Franklin Income Focus ETF has a 12-month low of $26.25 and a 12-month high of $29.57. The firm has a 50 day moving average of $29.03 and a 200 day moving average of $28.64. The firm has a market cap of $1.45 billion, a P/E ratio of -49,488.93 and a beta of 0.41.
Institutional Investors Weigh In On Franklin Income Focus ETF
Large investors have recently added to or reduced their stakes in the business. Assetmark Inc. purchased a new stake in Franklin Income Focus ETF during the 4th quarter worth approximately $35,000. Comerica Bank purchased a new stake in Franklin Income Focus ETF during the 1st quarter worth approximately $53,000. Geneos Wealth Management Inc. purchased a new stake in Franklin Income Focus ETF during the 1st quarter worth approximately $62,000. International Assets Investment Management LLC acquired a new position in Franklin Income Focus ETF during the 4th quarter worth approximately $90,000. Finally, Fifth Third Bancorp acquired a new position in Franklin Income Focus ETF during the 1st quarter worth approximately $144,000.
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. INCM was launched on Jun 6, 2023 and is managed by Franklin Templeton.
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