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

FundX Flexible ETF (NYSEARCA:XFLX) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 612 shares, an increase of 180.7% from the April 30th total of 218 shares. Based on an average daily volume of 6,184 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of FundX Flexible ETF

A hedge fund recently raised its stake 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.

FundX Flexible ETF Price Performance

Shares of NYSEARCA XFLX opened at $22.67 on Monday. The company’s 50-day simple moving average is $22.46 and its 200-day simple moving average is $23.00. FundX Flexible ETF has a 52-week low of $22.02 and a 52-week high of $24.75. The firm has a market cap of $49.65 million, a price-to-earnings ratio of 19.43 and a beta of 0.24.

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.