Short Interest in First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Increases By 258.2%

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 25,245 shares, an increase of 258.2% from the April 15th total of 7,047 shares. Based on an average daily volume of 4,625 shares, the days-to-cover ratio is presently 5.5 days. Approximately 2.3% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Flexible Municipal High Income ETF

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new stake in First Trust Flexible Municipal High Income ETF in the 4th quarter worth about $204,000. Cetera Investment Advisers increased its holdings in First Trust Flexible Municipal High Income ETF by 17.8% in the 2nd quarter. Cetera Investment Advisers now owns 13,106 shares of the technology company’s stock worth $217,000 after acquiring an additional 1,979 shares during the last quarter. BDFS Capital LLC purchased a new stake in First Trust Flexible Municipal High Income ETF in the 4th quarter worth about $298,000. Independent Financial Group LLC purchased a new stake in First Trust Flexible Municipal High Income ETF in the 1st quarter worth about $302,000. Finally, Benjamin Edwards Inc. increased its holdings in First Trust Flexible Municipal High Income ETF by 69.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock worth $367,000 after acquiring an additional 9,046 shares during the last quarter. Hedge funds and other institutional investors own 31.03% of the company’s stock.

First Trust Flexible Municipal High Income ETF Stock Down 0.8%

MFLX traded down $0.13 during trading hours on Friday, hitting $17.02. The stock had a trading volume of 4,108 shares, compared to its average volume of 5,612. The company’s fifty day simple moving average is $17.10 and its 200 day simple moving average is $17.09. First Trust Flexible Municipal High Income ETF has a 1 year low of $16.18 and a 1 year high of $17.76. The stock has a market cap of $18.72 million, a PE ratio of 16.69 and a beta of 0.39.

First Trust Flexible Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a c) annualized dividend and a yield of 4.2%. First Trust Flexible Municipal High Income ETF’s dividend payout ratio (DPR) is 68.63%.

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.