Short Interest in Franklin Income Equity Focus ETF (NYSEARCA:INCE) Decreases By 46.9%

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the target of a large 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. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 11,170 shares, the days-to-cover ratio is presently 0.4 days.

Franklin Income Equity Focus ETF Stock Up 0.1%

INCE stock traded up $0.05 during mid-day trading on Monday, hitting $66.63. The company had a trading volume of 26,853 shares, compared to its average volume of 14,951. The company has a 50-day moving average price of $65.61 and a 200 day moving average price of $63.59. The company has a market capitalization of $116.60 million, a price-to-earnings ratio of 17.48 and a beta of 0.75. Franklin Income Equity Focus ETF has a 12-month low of $54.95 and a 12-month high of $67.32.

Institutional Trading of Franklin Income Equity Focus ETF

Several hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers raised its position in shares of Franklin Income Equity Focus ETF by 150.4% during the 1st quarter. Cetera Investment Advisers now owns 51,130 shares of the company’s stock valued at $3,306,000 after buying an additional 30,713 shares in the last quarter. Wealthspire Retirement LLC raised its position in shares of Franklin Income Equity Focus ETF by 4.1% during the 1st quarter. Wealthspire Retirement LLC now owns 13,130 shares of the company’s stock valued at $849,000 after buying an additional 519 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of Franklin Income Equity Focus ETF during the 1st quarter valued at about $210,000. Ethos Financial Group LLC purchased a new stake in shares of Franklin Income Equity Focus ETF during the 1st quarter valued at about $1,058,000. Finally, Sanctuary Advisors LLC raised its position in shares of Franklin Income Equity Focus ETF by 9.5% during 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 in the last quarter.

About Franklin Income Equity Focus ETF

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.