FundX Flexible ETF (NYSEARCA:XFLX) Sees Large Decrease in Short Interest

FundX Flexible ETF (NYSEARCA:XFLX) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 217 shares, a decrease of 64.5% from the May 14th total of 612 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 60 shares, the days-to-cover ratio is currently 3.6 days.

FundX Flexible ETF Stock Up 0.0%

Shares of FundX Flexible ETF stock traded up $0.01 during trading on Friday, reaching $22.66. 3,649 shares of the stock were exchanged, compared to its average volume of 12,948. FundX Flexible ETF has a 1 year low of $22.02 and a 1 year high of $24.75. The firm has a market cap of $49.63 million, a price-to-earnings ratio of 19.43 and a beta of 0.24. The stock’s fifty day moving average is $22.55 and its 200 day moving average is $22.89.

Institutional Trading of FundX Flexible ETF

An institutional investor recently raised its position in FundX Flexible ETF stock. Royal Bank of Canada grew its stake in FundX Flexible ETF (NYSEARCA:XFLX) by 27.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,368 shares of the company’s stock after purchasing an additional 1,158 shares during the quarter. Royal Bank of Canada owned approximately 0.25% of FundX Flexible ETF worth $120,000 as of its most recent SEC filing.

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.