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

by · The Cerbat Gem

Franklin Income Equity Focus ETF (NYSEARCA:INCE – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 3,842 shares, a growth of 42.0% from the November 30th total of 2,705 shares. Based on an average daily volume of 4,577 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 4,577 shares, the short-interest ratio is currently 0.8 days.

Franklin Income Equity Focus ETF Price Performance

Shares of INCE stock traded down $0.21 on Wednesday, hitting $61.10. The stock had a trading volume of 9,980 shares, compared to its average volume of 6,380. The company’s 50 day moving average price is $60.10 and its 200-day moving average price is $59.15. Franklin Income Equity Focus ETF has a 1 year low of $49.68 and a 1 year high of $61.80. The firm has a market capitalization of $106.93 million, a P/E ratio of 17.48 and a beta of 0.82.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in INCE. Mariner LLC raised its position in Franklin Income Equity Focus ETF by 69.0% in the 3rd quarter. Mariner LLC now owns 8,963 shares of the company’s stock valued at $531,000 after purchasing an additional 3,658 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Franklin Income Equity Focus ETF by 15.1% in the 3rd quarter. Raymond James Financial Inc. now owns 224,815 shares of the company’s stock valued at $13,326,000 after purchasing an additional 29,559 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Franklin Income Equity Focus ETF by 4.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 6,324 shares of the company’s stock valued at $375,000 after purchasing an additional 246 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Franklin Income Equity Focus ETF by 1.4% in the third quarter. D.A. Davidson & CO. now owns 40,305 shares of the company’s stock valued at $2,389,000 after buying an additional 575 shares during the last quarter. Finally, CWM LLC increased its holdings in Franklin Income Equity Focus ETF by 125.3% in the third quarter. CWM LLC now owns 5,110 shares of the company’s stock valued at $303,000 after buying an additional 2,842 shares during the last quarter.

About Franklin Income Equity Focus ETF

(Get Free Report)

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.

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