First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Short Interest Up 258.2% in April

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 25,245 shares, an increase of 258.2% from the April 15th total of 7,047 shares. Based on an average trading volume of 4,625 shares, the days-to-cover ratio is presently 5.5 days. Approximately 2.3% of the company’s stock are sold short.

Institutional Trading of First Trust Flexible Municipal High Income ETF

A number of hedge funds have recently added to or reduced their stakes in MFLX. Susquehanna International Group LLP purchased a new stake in First Trust Flexible Municipal High Income ETF in the third quarter worth about $786,000. Independent Financial Group LLC purchased a new stake in First Trust Flexible Municipal High Income ETF in the first quarter worth about $302,000. BDFS Capital LLC purchased a new stake in First Trust Flexible Municipal High Income ETF in the fourth quarter worth about $298,000. Goldman Sachs Group Inc. purchased a new stake in First Trust Flexible Municipal High Income ETF in the fourth quarter worth about $204,000. Finally, Osaic Holdings Inc. lifted its stake in First Trust Flexible Municipal High Income ETF by 29.3% in 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 during the period. 31.03% of the stock is owned by hedge funds and other institutional investors.

First Trust Flexible Municipal High Income ETF Price Performance

NASDAQ:MFLX remained flat at $17.15 during mid-day trading on Thursday. 2,777 shares of the company were exchanged, compared to its average volume of 5,629. First Trust Flexible Municipal High Income ETF has a 52 week low of $16.18 and a 52 week high of $17.76. The business’s 50-day simple moving average is $17.10 and its two-hundred day simple moving average is $17.09. The stock has a market capitalization of $18.87 million, a price-to-earnings ratio of 16.81 and a beta of 0.39.

First Trust Flexible Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a c) dividend on an annualized basis and a yield of 4.2%. First Trust Flexible Municipal High Income ETF’s dividend payout ratio is 68.63%.

First Trust Flexible Municipal High Income ETF Company Profile

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.