Franklin Income Equity Focus ETF (NYSEARCA:INCE) Shares Shorted: Short Interest Up 166.8% in October

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 7,930 shares, an increase of 166.8% from the September 30th total of 2,972 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 66,130 shares, the days-to-cover ratio is presently 0.1 days.

Franklin Income Equity Focus ETF Trading Up 0.7%

INCE traded up $0.48 during trading hours on Thursday, hitting $69.42. The company’s stock had a trading volume of 18,330 shares, compared to its average volume of 29,173. The company has a 50-day simple moving average of $67.77 and a 200 day simple moving average of $66.80. Franklin Income Equity Focus ETF has a fifty-two week low of $58.26 and a fifty-two week high of $70.08. The firm has a market capitalization of $371.40 million, a PE ratio of 17.48 and a beta of 0.74.

Institutional Trading of Franklin Income Equity Focus ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers increased its holdings in Franklin Income Equity Focus ETF by 150.4% during 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. D.A. Davidson & CO. acquired a new stake in Franklin Income Equity Focus ETF in the third quarter valued at $2,678,000. Ethos Financial Group LLC bought a new position in Franklin Income Equity Focus ETF during the first quarter worth $1,058,000. Wealthspire Retirement LLC boosted its stake in Franklin Income Equity Focus ETF by 4.1% during the first quarter. Wealthspire Retirement LLC now owns 13,130 shares of the company’s stock worth $849,000 after acquiring an additional 519 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in Franklin Income Equity Focus ETF by 9.5% during the first quarter. Sanctuary Advisors LLC now owns 10,326 shares of the company’s stock worth $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.