Franklin Income Focus ETF (NYSEARCA:INCM) Short Interest Down 22.9% in December

Franklin Income Focus ETF (NYSEARCA:INCM) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 44,337 shares, a decline of 22.9% from the November 30th total of 57,525 shares. Based on an average trading volume of 291,817 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 291,817 shares, the short-interest ratio is currently 0.2 days.

Franklin Income Focus ETF Stock Performance

Shares of INCM traded down $0.10 during mid-day trading on Thursday, reaching $28.04. 333,746 shares of the company were exchanged, compared to its average volume of 213,694. The business has a 50 day simple moving average of $27.92 and a two-hundred day simple moving average of $27.62. Franklin Income Focus ETF has a 52 week low of $24.62 and a 52 week high of $28.43. The stock has a market capitalization of $947.75 million, a PE ratio of -47,768.31 and a beta of 0.49.

Institutional Investors Weigh In On Franklin Income Focus ETF

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its stake in Franklin Income Focus ETF by 15.3% during the third quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after acquiring an additional 258,689 shares in the last quarter. Summit Investment Advisory Services LLC boosted its stake in shares of Franklin Income Focus ETF by 6.5% during the third quarter. Summit Investment Advisory Services LLC now owns 971,422 shares of the company’s stock valued at $26,947,000 after purchasing an additional 59,238 shares during the period. Ameriprise Financial Inc. increased its position in shares of Franklin Income Focus ETF by 32.7% in the third quarter. Ameriprise Financial Inc. now owns 908,507 shares of the company’s stock valued at $25,203,000 after acquiring an additional 223,654 shares during the period. Royal Bank of Canada lifted its holdings in Franklin Income Focus ETF by 11.2% in the 1st quarter. Royal Bank of Canada now owns 798,194 shares of the company’s stock worth $21,256,000 after buying an additional 80,695 shares during the period. Finally, Larson Financial Group LLC increased its position in Franklin Income Focus ETF by 65.3% during the 3rd quarter. Larson Financial Group LLC now owns 550,795 shares of the company’s stock valued at $15,279,000 after purchasing an additional 217,670 shares during the period.

Franklin Income Focus ETF Company Profile

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.