Horizon Flexible Income ETF (BATS:FLXN) Sees Significant Growth in Short Interest

Horizon Flexible Income ETF (BATS:FLXN – Get Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 8,080 shares, a growth of 262.7% from the July 30th total of 2,228 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 6,560 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Horizon Flexible Income ETF

An institutional investor recently raised its position in Horizon Flexible Income ETF stock. Bank of New York Mellon Corp grew its position in shares of Horizon Flexible Income ETF (BATS:FLXN – Free Report) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,464,345 shares of the company’s stock after buying an additional 23,475 shares during the quarter. Bank of New York Mellon Corp owned 99.62% of Horizon Flexible Income ETF worth $36,871,000 as of its most recent filing with the Securities & Exchange Commission.

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Horizon Flexible Income ETF Stock Down 0.2%

Shares of Horizon Flexible Income ETF stock opened at $24.81 on Friday. The stock’s fifty day moving average is $24.90. Horizon Flexible Income ETF has a 12-month low of $24.53 and a 12-month high of $26.09.

Horizon Flexible Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 27th. Stockholders of record on Wednesday, August 26th were issued a $0.1753 dividend. The ex-dividend date was Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 8.5%.

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