First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Short Interest Update

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 7,719 shares, a decrease of 40.9% from the June 30th total of 13,051 shares. Based on an average daily trading volume, of 8,725 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the shares of the company are sold short.

First Trust Flexible Municipal High Income ETF Stock Up 0.0%

NASDAQ MFLX opened at $16.93 on Friday. First Trust Flexible Municipal High Income ETF has a 52-week low of $16.24 and a 52-week high of $17.95. The business’s 50-day moving average price is $17.25 and its 200 day moving average price is $17.17. The firm has a market cap of $21.17 million, a P/E ratio of 16.60 and a beta of 0.38.

First Trust Flexible Municipal High Income ETF Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MFLX. Goldman Sachs Group Inc. acquired a new position in shares of First Trust Flexible Municipal High Income ETF in the fourth quarter valued at approximately $204,000. Cetera Investment Advisers lifted its holdings in shares of First Trust Flexible Municipal High Income ETF by 17.8% during the second 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 during the period. BDFS Capital LLC acquired a new stake in shares of First Trust Flexible Municipal High Income ETF during the fourth quarter worth $298,000. Independent Financial Group LLC purchased a new position in First Trust Flexible Municipal High Income ETF in the 1st quarter valued at $302,000. Finally, Benjamin Edwards Inc. grew its position in First Trust Flexible Municipal High Income ETF by 69.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock valued at $367,000 after buying an additional 9,046 shares during the last quarter. 31.03% of the stock is currently owned by hedge funds and other institutional investors.

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.