First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Short Interest Down 40.9% in July

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLXGet Free Report) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 7,719 shares, a decrease of 40.9% from the June 30th total of 13,051 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 8,725 shares, the days-to-cover ratio is presently 0.9 days.

First Trust Flexible Municipal High Income ETF Trading Up 0.1%

MFLX traded up $0.02 on Friday, hitting $16.95. The company had a trading volume of 5,060 shares, compared to its average volume of 6,193. The company’s fifty day moving average price is $17.26 and its 200 day moving average price is $17.17. First Trust Flexible Municipal High Income ETF has a 1 year low of $16.24 and a 1 year high of $17.95. The firm has a market cap of $21.19 million, a P/E ratio of 16.62 and a beta of 0.38.

First Trust Flexible Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be issued a $0.061 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, July 21st. First Trust Flexible Municipal High Income ETF’s dividend payout ratio is currently 69.61%.

Institutional Trading of First Trust Flexible Municipal High Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in First Trust Flexible Municipal High Income ETF during the fourth quarter worth $204,000. Cetera Investment Advisers grew its stake in shares of First Trust Flexible Municipal High Income ETF by 17.8% in the second quarter. Cetera Investment Advisers now owns 13,106 shares of the technology company’s stock valued at $217,000 after buying an additional 1,979 shares in the last quarter. BDFS Capital LLC purchased a new stake in shares of First Trust Flexible Municipal High Income ETF in the 4th quarter valued at $298,000. Independent Financial Group LLC purchased a new stake in shares of First Trust Flexible Municipal High Income ETF in the 1st quarter valued at $302,000. Finally, Benjamin Edwards Inc. lifted its stake in First Trust Flexible Municipal High Income ETF by 69.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock worth $367,000 after acquiring an additional 9,046 shares in the last quarter. Institutional investors and hedge funds own 31.03% of the company’s stock.

First Trust Flexible Municipal High Income ETF Company Profile

(Get Free Report)

Multi-Fineline Electronix, Inc is engaged in the engineering, design and manufacture of flexible circuit boards along with related component assemblies. The Company provides flexible printed circuits and value-added component assembly solutions to the electronics industry. The Company provides its solutions to original equipment manufacturers (OEMs) and to electronic manufacturing services (EMS) providers. The Company offers products in a range of sectors, including smartphones, tablets, computer/data storage, portable bar code scanners, personal computers, wearables and other consumer electronic devices.

See Also

Receive News & Ratings for First Trust Flexible Municipal High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Flexible Municipal High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.