First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Sees Significant Decline in Short Interest

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

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

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of First Trust Flexible Municipal High Income ETF by 19.1% during the second quarter. Envestnet Asset Management Inc. now owns 56,673 shares of the technology company’s stock valued at $984,000 after acquiring an additional 9,099 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Flexible Municipal High Income ETF by 2.9% during the first 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. Hedeker Wealth LLC lifted its position in shares of First Trust Flexible Municipal High Income ETF by 6.6% during the second 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. Independent Financial Group LLC bought a new position in shares of First Trust Flexible Municipal High Income ETF in the first quarter worth $302,000. Finally, BDFS Capital LLC purchased a new position in shares of First Trust Flexible Municipal High Income ETF in the fourth quarter valued at $298,000. Institutional investors own 31.03% of the company’s stock.

First Trust Flexible Municipal High Income ETF Price Performance

Shares of MFLX stock traded up $0.06 during trading hours on Friday, reaching $16.02. The company had a trading volume of 147 shares, compared to its average volume of 5,752. The business has a fifty day simple moving average of $16.64 and a 200-day simple moving average of $16.99. First Trust Flexible Municipal High Income ETF has a 12 month low of $15.57 and a 12 month high of $17.95. The company has a market cap of $20.02 million, a price-to-earnings ratio of 15.70 and a beta of 0.38.

First Trust Flexible Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.0620 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, September 24th. First Trust Flexible Municipal High Income ETF’s dividend payout ratio is presently 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.