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 during 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. Based on an average daily volume of 66,130 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Franklin Income Equity Focus ETF Stock Performance

Shares of Franklin Income Equity Focus ETF stock traded down $0.53 during midday trading on Friday, reaching $68.89. 12,090 shares of the company’s stock traded hands, compared to its average volume of 29,091. Franklin Income Equity Focus ETF has a 12 month low of $58.26 and a 12 month high of $70.08. The stock has a 50 day moving average of $67.77 and a 200-day moving average of $66.80. The company has a market cap of $368.56 million, a PE ratio of 17.48 and a beta of 0.74.

Hedge Funds Weigh In On Franklin Income Equity Focus ETF

Institutional investors and hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. purchased a new stake in shares of Franklin Income Equity Focus ETF during the 3rd quarter worth approximately $2,678,000. Cetera Investment Advisers boosted its position in Franklin Income Equity Focus ETF by 150.4% during the 1st quarter. Cetera Investment Advisers now owns 51,130 shares of the company’s stock worth $3,306,000 after acquiring an additional 30,713 shares during the period. Ethos Financial Group LLC acquired a new stake in shares of Franklin Income Equity Focus ETF during the 1st quarter worth approximately $1,058,000. AlphaStar Capital Management LLC bought a new stake in shares of Franklin Income Equity Focus ETF during the third quarter worth $400,000. Finally, Independent Financial Group LLC acquired a new stake in Franklin Income Equity Focus ETF in the 1st quarter valued at approximately $210,000.

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.