FundX Flexible ETF (NYSEARCA:XFLX) Sees Large Decrease in Short Interest

FundX Flexible ETF (NYSEARCA:XFLX) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 217 shares, a decline of 64.5% from the May 14th total of 612 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 60 shares, the days-to-cover ratio is currently 3.6 days.

FundX Flexible ETF Stock Up 0.0%

NYSEARCA XFLX traded up $0.01 on Friday, reaching $22.66. The company had a trading volume of 3,649 shares, compared to its average volume of 12,948. The stock’s 50 day moving average is $22.55 and its 200-day moving average is $22.89. The stock has a market cap of $49.63 million, a price-to-earnings ratio of 19.43 and a beta of 0.24. FundX Flexible ETF has a 52 week low of $22.02 and a 52 week high of $24.75.

Hedge Funds Weigh In On FundX Flexible ETF

An institutional investor recently raised its position in FundX Flexible ETF stock. Royal Bank of Canada raised its holdings in FundX Flexible ETF (NYSEARCA:XFLX) by 27.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

FundX Flexible ETF Company Profile

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.