First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Short Interest Update

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 2,232 shares, a drop of 41.9% from the August 31st total of 3,843 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 5,571 shares, the short-interest ratio is presently 0.4 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in MFLX. Envestnet Asset Management Inc. increased 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 buying an additional 9,099 shares in the last quarter. Hedeker Wealth LLC boosted its stake in shares of First Trust Flexible Municipal High Income ETF by 6.6% during the 2nd quarter. Hedeker Wealth LLC now owns 25,202 shares of the technology company’s stock worth $438,000 after acquiring an additional 1,554 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Flexible Municipal High Income ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 41,729 shares of the technology company’s stock worth $700,000 after acquiring an additional 1,164 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of First Trust Flexible Municipal High Income ETF in the 1st quarter worth approximately $302,000. Finally, BDFS Capital LLC acquired a new stake in shares of First Trust Flexible Municipal High Income ETF in the 4th quarter worth approximately $298,000. 31.03% of the stock is owned by institutional investors and hedge funds.

First Trust Flexible Municipal High Income ETF Price Performance

NASDAQ MFLX traded up $0.17 on Wednesday, hitting $15.86. 276 shares of the company’s stock were exchanged, compared to its average volume of 5,782. The firm has a market cap of $19.82 million, a price-to-earnings ratio of 15.55 and a beta of 0.38. The firm’s 50-day moving average price is $16.66 and its two-hundred day moving average price is $17.00. First Trust Flexible Municipal High Income ETF has a fifty-two week low of $15.57 and a fifty-two week high of $17.95.

First Trust Flexible Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be issued a $0.0620 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $0.74 dividend on an annualized basis and a yield of 4.7%. First Trust Flexible Municipal High Income ETF’s dividend payout ratio (DPR) is 69.61%.

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.