First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Sees Significant Decline in Short Interest

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,719 shares, a drop 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 trading volume of 8,725 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MFLX. Harbour Investments Inc. grew its stake in First Trust Flexible Municipal High Income ETF by 0.6% in the fourth quarter. Harbour Investments Inc. now owns 121,659 shares of the technology company’s stock valued at $2,068,000 after purchasing an additional 740 shares in the last quarter. Osaic Holdings Inc. raised its stake in First Trust Flexible Municipal High Income ETF by 29.3% during the second quarter. Osaic Holdings Inc. now owns 40,907 shares of the technology company’s stock worth $678,000 after acquiring an additional 9,276 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of First Trust Flexible Municipal High Income ETF in the third quarter worth about $786,000. Benjamin Edwards Inc. grew its holdings in shares of 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 valued at $367,000 after purchasing an additional 9,046 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in First Trust Flexible Municipal High Income ETF by 17.8% during the 2nd quarter. Cetera Investment Advisers now owns 13,106 shares of the technology company’s stock worth $217,000 after purchasing an additional 1,979 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 Stock Down 0.5%

NASDAQ MFLX traded down $0.08 during trading on Thursday, reaching $16.94. 1,016 shares of the stock traded hands, compared to its average volume of 6,202. First Trust Flexible Municipal High Income ETF has a fifty-two week low of $16.21 and a fifty-two week high of $17.95. The firm has a market cap of $21.17 million, a price-to-earnings ratio of 16.60 and a beta of 0.38. The stock’s 50-day moving average price is $17.26 and its 200 day moving average price is $17.17.

First Trust Flexible Municipal High Income ETF Dividend Announcement

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

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.