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

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

First Trust Flexible Municipal High Income ETF Stock Performance

First Trust Flexible Municipal High Income ETF stock remained flat at $17.15 during trading hours on Thursday. 2,777 shares of the company’s stock were exchanged, compared to its average volume of 5,629. The company has a market capitalization of $18.87 million, a P/E ratio of 16.81 and a beta of 0.39. The stock has a 50 day moving average of $17.10 and a 200 day moving average of $17.09. First Trust Flexible Municipal High Income ETF has a fifty-two week low of $16.18 and a fifty-two week high of $17.76.

First Trust Flexible Municipal High Income ETF Dividend Announcement

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

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

A number of large investors have recently added to or reduced their stakes in MFLX. Goldman Sachs Group Inc. bought a new position in First Trust Flexible Municipal High Income ETF in the fourth quarter worth about $204,000. Cetera Investment Advisers increased its holdings in shares of First Trust Flexible Municipal High Income ETF by 17.8% during the second quarter. Cetera Investment Advisers now owns 13,106 shares of the technology company’s stock valued at $217,000 after acquiring an additional 1,979 shares in the last quarter. BDFS Capital LLC acquired a new position in shares of First Trust Flexible Municipal High Income ETF during the fourth quarter valued at about $298,000. Independent Financial Group LLC acquired a new position in shares of First Trust Flexible Municipal High Income ETF during the first quarter valued at about $302,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of First Trust Flexible Municipal High Income ETF by 69.0% during the second quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock valued at $367,000 after acquiring an additional 9,046 shares in the last quarter. 31.03% of the stock is currently owned by institutional investors.

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.