FundX Flexible ETF (NYSEARCA:XFLX) Short Interest Down 96.0% in July

FundX Flexible ETF (NYSEARCA:XFLX) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 466 shares, a drop of 96.0% from the June 30th total of 11,750 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 4,779 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in FundX Flexible ETF stock. Royal Bank of Canada grew its stake in shares of FundX Flexible ETF (NYSEARCA:XFLX) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,368 shares of the company’s stock after acquiring an additional 1,158 shares during the period. Royal Bank of Canada owned about 0.25% of FundX Flexible ETF worth $120,000 at the end of the most recent reporting period.

FundX Flexible ETF Stock Up 0.0%

Shares of NYSEARCA XFLX traded up $0.01 during midday trading on Friday, hitting $22.57. The company had a trading volume of 88 shares, compared to its average volume of 11,455. FundX Flexible ETF has a twelve month low of $22.02 and a twelve month high of $24.75. The business has a 50-day simple moving average of $22.63 and a two-hundred day simple moving average of $22.54. The firm has a market capitalization of $50.11 million, a price-to-earnings ratio of 19.43 and a beta of 0.23.

About FundX Flexible ETF

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.