Short Interest in Horizon Flexible Income ETF (BATS:FLXN) Rises By 101.6%

Horizon Flexible Income ETF (BATS:FLXN) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,270 shares, an increase of 101.6% from the June 30th total of 3,607 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,232 shares, the days-to-cover ratio is presently 1.7 days.

Horizon Flexible Income ETF Price Performance

Shares of BATS:FLXN opened at $24.65 on Wednesday. Horizon Flexible Income ETF has a one year low of $24.56 and a one year high of $26.09. The firm’s fifty day moving average is $24.98.

Horizon Flexible Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 28th. Stockholders of record on Monday, July 27th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, July 27th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

Institutional Investors Weigh In On Horizon Flexible Income ETF

A hedge fund recently raised its stake in Horizon Flexible Income ETF stock. Bank of New York Mellon Corp lifted its stake in Horizon Flexible Income ETF (BATS:FLXN) by 1.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,464,345 shares of the company’s stock after purchasing an additional 23,475 shares during the quarter. Bank of New York Mellon Corp owned 99.62% of Horizon Flexible Income ETF worth $36,871,000 as of its most recent filing with the Securities & Exchange Commission.