FundX Flexible ETF (NYSEARCA:XFLX) Sees Significant Drop in Short Interest

FundX Flexible ETF (NYSEARCA:XFLXGet Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 221 shares, a drop of 52.6% from the July 15th total of 466 shares. Based on an average daily trading volume, of 454 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On FundX Flexible ETF

A hedge fund recently raised its stake in FundX Flexible ETF stock. Royal Bank of Canada increased its stake in shares of FundX Flexible ETF (NYSEARCA:XFLXFree Report) by 27.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,368 shares of the company’s stock after purchasing an additional 1,158 shares during the quarter. Royal Bank of Canada owned 0.25% of FundX Flexible ETF worth $120,000 at the end of the most recent quarter.

FundX Flexible ETF Price Performance

Shares of FundX Flexible ETF stock traded down $0.02 during trading hours on Friday, reaching $22.76. The company’s stock had a trading volume of 290 shares, compared to its average volume of 10,430. The firm has a 50 day moving average price of $22.66 and a 200-day moving average price of $22.56. The stock has a market cap of $50.53 million, a P/E ratio of 19.43 and a beta of 0.23. FundX Flexible ETF has a one year low of $22.02 and a one year high of $24.75.

FundX Flexible ETF Company Profile

(Get Free Report)

The fundX Flexible ETF (XFLX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that seeks total return through a portfolio of fixed income securities perceived to be in sync with market leaders. The fund invests in US and non-US bonds of any credit quality and maturity. XFLX was launched on Jan 7, 2002 and is issued by FundX.

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