Franklin Income Equity Focus ETF (NYSEARCA:INCE) Short Interest Update

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 10,403 shares, a decrease of 39.9% from the May 31st total of 17,310 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 19,430 shares, the short-interest ratio is currently 0.5 days.

Franklin Income Equity Focus ETF Stock Performance

Shares of NYSEARCA INCE remained flat at $67.68 during midday trading on Friday. The stock had a trading volume of 10,134 shares, compared to its average volume of 15,135. Franklin Income Equity Focus ETF has a 52-week low of $56.65 and a 52-week high of $68.42. The company’s 50 day moving average is $67.02 and its 200 day moving average is $65.35. The company has a market capitalization of $128.59 million, a P/E ratio of 17.48 and a beta of 0.74.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in Franklin Income Equity Focus ETF by 1.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 16,728 shares of the company’s stock valued at $1,022,000 after acquiring an additional 229 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Franklin Income Equity Focus ETF by 36.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 867 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares during the last quarter. Wealthspire Retirement LLC grew its stake in shares of Franklin Income Equity Focus ETF by 3.5% in the 4th quarter. Wealthspire Retirement LLC now owns 12,611 shares of the company’s stock worth $770,000 after acquiring an additional 431 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Franklin Income Equity Focus ETF in the 1st quarter worth $33,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Franklin Income Equity Focus ETF in the fourth quarter valued at about $35,000.

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.