Short Interest in Horizon Flexible Income ETF (BATS:FLXN) Grows By 262.7%

Horizon Flexible Income ETF (BATS:FLXN) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 8,080 shares, an increase of 262.7% from the July 30th total of 2,228 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 6,560 shares, the short-interest ratio is currently 1.2 days.

Horizon Flexible Income ETF Trading Down 0.7%

Shares of BATS FLXN opened at $24.84 on Thursday. The firm’s fifty day moving average is $24.91. Horizon Flexible Income ETF has a 12-month low of $24.53 and a 12-month high of $26.09.

Horizon Flexible Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Wednesday, August 26th will be given a $0.1753 dividend. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Wednesday, August 26th.

Institutional Investors Weigh In On Horizon Flexible Income ETF

A hedge fund recently raised its position in Horizon Flexible Income ETF stock. Bank of New York Mellon Corp raised its stake in Horizon Flexible Income ETF (BATS:FLXN) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,464,345 shares of the company’s stock after purchasing an additional 23,475 shares during the period. 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 and Exchange Commission (SEC).