Franklin Income Focus ETF (NYSEARCA:INCM) Short Interest Up 111.0% in March

Franklin Income Focus ETF (NYSEARCA:INCM) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 130,357 shares, a growth of 111.0% from the February 26th total of 61,780 shares. Based on an average daily trading volume, of 359,834 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

Franklin Income Focus ETF Trading Down 0.4%

Franklin Income Focus ETF stock traded down $0.12 on Friday, reaching $28.64. 231,873 shares of the stock were exchanged, compared to its average volume of 336,271. The stock has a market cap of $1.20 billion, a PE ratio of -48,790.46 and a beta of 0.49. Franklin Income Focus ETF has a twelve month low of $24.62 and a twelve month high of $29.57. The firm has a fifty day moving average price of $29.08 and a two-hundred day moving average price of $28.33.

Hedge Funds Weigh In On Franklin Income Focus ETF

Several large investors have recently made changes to their positions in INCM. Comerica Bank acquired a new stake in Franklin Income Focus ETF in the 1st quarter valued at approximately $53,000. Jane Street Group LLC boosted its position in shares of Franklin Income Focus ETF by 203.7% in the first quarter. Jane Street Group LLC now owns 132,673 shares of the company’s stock valued at $3,533,000 after acquiring an additional 88,985 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Franklin Income Focus ETF by 1.9% in the second quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock worth $630,000 after acquiring an additional 442 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Franklin Income Focus ETF by 15.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 130,598 shares of the company’s stock worth $3,533,000 after acquiring an additional 17,180 shares during the period. Finally, Financial Advocates Investment Management raised its stake in Franklin Income Focus ETF by 14.9% during the 2nd quarter. Financial Advocates Investment Management now owns 24,410 shares of the company’s stock valued at $660,000 after purchasing an additional 3,163 shares during the last quarter.

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.