Short Interest in FundX Flexible ETF (NYSEARCA:XFLX) Drops By 96.0%

FundX Flexible ETF (NYSEARCA:XFLX) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 466 shares, a decline of 96.0% from the June 30th total of 11,750 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,779 shares, the short-interest ratio is currently 0.1 days.

FundX Flexible ETF Price Performance

Shares of XFLX stock traded up $0.01 during mid-day trading on Friday, hitting $22.57. The stock had a trading volume of 88 shares, compared to its average volume of 11,455. FundX Flexible ETF has a 12-month low of $22.02 and a 12-month high of $24.75. The firm’s 50-day moving average is $22.63 and its two-hundred day moving average is $22.54. The firm has a market capitalization of $50.11 million, a P/E ratio of 19.43 and a beta of 0.23.

Institutional Trading of FundX Flexible ETF

An institutional investor recently raised its stake in FundX Flexible ETF stock. Royal Bank of Canada boosted its holdings in shares of FundX Flexible ETF (NYSEARCA:XFLX) by 75.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,438 shares of the company’s stock after acquiring an additional 4,070 shares during the period. Royal Bank of Canada owned about 0.43% of FundX Flexible ETF worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About FundX Flexible ETF

The fundX Flexible ETF (XFLX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that seeks total return through a portfolio of fixed income securities perceived to be in sync with market leaders. The fund invests in US and non-US bonds of any credit quality and maturity. XFLX was launched on Jan 7, 2002 and is issued by FundX.