Short Interest in Horizon Flexible Income ETF (BATS:FLXN) Declines By 69.4%

Horizon Flexible Income ETF (BATS:FLXN) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 2,228 shares, a decline of 69.4% from the July 15th total of 7,270 shares. Based on an average daily trading volume, of 104,922 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of Horizon Flexible Income ETF

A hedge fund recently raised its stake in Horizon Flexible Income ETF stock. Bank of New York Mellon Corp raised its stake in shares of Horizon Flexible Income ETF (BATS:FLXN) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,464,345 shares of the company’s stock after buying an additional 23,475 shares during the quarter. 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 reporting period.

Horizon Flexible Income ETF Stock Down 0.1%

Horizon Flexible Income ETF stock opened at $24.95 on Friday. Horizon Flexible Income ETF has a 12-month low of $24.53 and a 12-month high of $26.09. The company has a 50 day moving average of $24.93.

Horizon Flexible Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 28th. Investors of record on Monday, July 27th were issued a $0.20 dividend. The ex-dividend date was Monday, July 27th. This represents a c) annualized dividend and a yield of 9.6%.