Franklin Income Equity Focus ETF (NYSEARCA:INCE) Sees Large Decline in Short Interest

Franklin Income Equity Focus ETF (NYSEARCA:INCE) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 2,972 shares, a decrease of 72.6% from the September 15th total of 10,830 shares. Based on an average trading volume of 60,783 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin Income Equity Focus ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers boosted its position in shares of Franklin Income Equity Focus ETF by 150.4% in the 1st quarter. Cetera Investment Advisers now owns 51,130 shares of the company’s stock worth $3,306,000 after purchasing an additional 30,713 shares in the last quarter. Ethos Financial Group LLC bought a new position in Franklin Income Equity Focus ETF in the 1st quarter worth about $1,058,000. Wealthspire Retirement LLC boosted its stake in Franklin Income Equity Focus ETF by 4.1% in the 1st quarter. Wealthspire Retirement LLC now owns 13,130 shares of the company’s stock worth $849,000 after purchasing an additional 519 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Franklin Income Equity Focus ETF by 9.5% in the 1st quarter. Sanctuary Advisors LLC now owns 10,326 shares of the company’s stock worth $668,000 after purchasing an additional 897 shares in the last quarter. Finally, World Investment Advisors purchased a new stake in Franklin Income Equity Focus ETF during the 4th quarter valued at about $204,000.

Franklin Income Equity Focus ETF Trading Up 0.2%

Franklin Income Equity Focus ETF stock traded up $0.13 on Tuesday, hitting $66.83. 10,254 shares of the stock traded hands, compared to its average volume of 30,091. Franklin Income Equity Focus ETF has a 1 year low of $58.26 and a 1 year high of $70.08. The firm has a market cap of $357.54 million, a P/E ratio of 17.48 and a beta of 0.74. The business’s fifty day simple moving average is $68.07 and its 200 day simple moving average is $67.25.

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.