First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 3,426 shares, an increase of 3,326.0% from the October 15th total of 100 shares. Based on an average trading volume of 6,244 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold.
First Trust Flexible Municipal High Income ETF Trading Down 0.2%
Shares of MFLX stock opened at $16.62 on Wednesday. First Trust Flexible Municipal High Income ETF has a twelve month low of $15.57 and a twelve month high of $17.95. The company’s 50-day moving average price is $16.24 and its 200-day moving average price is $16.91. The stock has a market cap of $19.94 million, a price-to-earnings ratio of 16.29 and a beta of 0.39.
First Trust Flexible Municipal High Income ETF Announces Dividend
The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were paid a $0.0620 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $0.74 annualized dividend and a dividend yield of 4.5%. First Trust Flexible Municipal High Income ETF’s dividend payout ratio is 70.59%.
Institutional Trading of First Trust Flexible Municipal High Income ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbour Investments Inc. acquired a new position in First Trust Flexible Municipal High Income ETF in the third quarter valued at approximately $1,370,000. Ashton Thomas Private Wealth LLC increased its stake in First Trust Flexible Municipal High Income ETF by 54.1% during the third quarter. Ashton Thomas Private Wealth LLC now owns 13,435 shares of the technology company’s stock worth $213,000 after acquiring an additional 4,717 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Flexible Municipal High Income ETF by 19.1% during the second quarter. Envestnet Asset Management Inc. now owns 56,673 shares of the technology company’s stock worth $984,000 after acquiring an additional 9,099 shares during the last quarter. Hedeker Wealth LLC raised its position in First Trust Flexible Municipal High Income ETF by 6.6% in the second quarter. Hedeker Wealth LLC now owns 25,202 shares of the technology company’s stock valued at $438,000 after purchasing an additional 1,554 shares during the period. Finally, Cetera Investment Advisers raised its position in First Trust Flexible Municipal High Income ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 41,729 shares of the technology company’s stock valued at $700,000 after purchasing an additional 1,164 shares during the period. Institutional investors and hedge funds own 31.03% of the company’s stock.
About First Trust Flexible Municipal High Income ETF
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.
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