Short Interest in FundX Flexible ETF (NYSEARCA:XFLX) Grows By 438.9%

FundX Flexible ETF (NYSEARCA:XFLX) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,191 shares, an increase of 438.9% from the July 30th total of 221 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 840 shares, the days-to-cover ratio is currently 1.4 days.

FundX Flexible ETF Trading Up 0.3%

XFLX stock opened at $22.80 on Wednesday. The company’s 50 day moving average is $22.68 and its 200 day moving average is $22.57. The stock has a market cap of $50.62 million, a price-to-earnings ratio of 19.43 and a beta of 0.23. FundX Flexible ETF has a 1-year low of $22.02 and a 1-year high of $24.75.

Hedge Funds Weigh In On FundX Flexible ETF

A hedge fund recently raised its position in FundX Flexible ETF stock. Royal Bank of Canada grew its stake in shares of FundX Flexible ETF (NYSEARCA:XFLX) by 27.5% during the 4th 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 buying 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 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.