Short Interest in Horizon Flexible Income ETF (BATS:FLXN) Grows By 262.7%

Horizon Flexible Income ETF (BATS:FLXN) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 8,080 shares, an increase of 262.7% from the July 30th total of 2,228 shares. Based on an average trading volume of 6,560 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the company’s shares are sold short.

Horizon Flexible Income ETF Stock Performance

FLXN stock opened at $24.84 on Thursday. The stock has a fifty day simple moving average of $24.91. Horizon Flexible Income ETF has a twelve month low of $24.53 and a twelve month high of $26.09.

Horizon Flexible Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, August 26th will be given a $0.1753 dividend. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Wednesday, August 26th.

Hedge Funds Weigh In On Horizon Flexible Income ETF

A hedge fund recently raised its stake in Horizon Flexible Income ETF stock. Bank of New York Mellon Corp grew its stake in shares of Horizon Flexible Income ETF (BATS:FLXN) by 1.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,464,345 shares of the company’s stock after acquiring an additional 23,475 shares during the period. Bank of New York Mellon Corp owned about 99.62% of Horizon Flexible Income ETF worth $36,871,000 at the end of the most recent quarter.