First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Shares Shorted: Short Interest Up 3,326.0% in October

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,426 shares, a growth of 3,326.0% from the October 15th total of 100 shares. Based on an average trading volume of 6,244 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

First Trust Flexible Municipal High Income ETF Stock Down 0.2%

Shares of NASDAQ MFLX traded down $0.04 during midday trading on Tuesday, hitting $16.62. The company had a trading volume of 1,344 shares, compared to its average volume of 5,905. First Trust Flexible Municipal High Income ETF has a twelve month low of $15.57 and a twelve month high of $17.95. The firm has a market capitalization of $19.94 million, a price-to-earnings ratio of 16.29 and a beta of 0.39. The business has a 50-day simple moving average of $16.24 and a two-hundred day simple moving average of $16.91.

First Trust Flexible Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were paid a dividend of $0.0620 per share. This represents a $0.74 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, October 21st. First Trust Flexible Municipal High Income ETF’s payout ratio is 70.59%.

Hedge Funds Weigh In On First Trust Flexible Municipal High Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. acquired a new position in First Trust Flexible Municipal High Income ETF in the 3rd quarter valued at about $1,370,000. Independent Financial Group LLC acquired a new position in shares of First Trust Flexible Municipal High Income ETF in the 1st quarter valued at $302,000. Envestnet Asset Management Inc. boosted its holdings in First Trust Flexible Municipal High Income ETF by 19.1% in the second quarter. Envestnet Asset Management Inc. now owns 56,673 shares of the technology company’s stock valued at $984,000 after acquiring an additional 9,099 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of First Trust Flexible Municipal High Income ETF by 54.1% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 13,435 shares of the technology company’s stock valued at $213,000 after purchasing an additional 4,717 shares in the last quarter. Finally, Hedeker Wealth LLC grew its stake in First Trust Flexible Municipal High Income ETF by 6.6% during the second quarter. Hedeker Wealth LLC now owns 25,202 shares of the technology company’s stock worth $438,000 after buying an additional 1,554 shares during the period. 31.03% of the stock is owned by institutional investors and hedge funds.

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.