First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Shares Shorted: Short Interest Up 3,326.0% in October

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 3,426 shares, an increase of 3,326.0% from the October 15th total of 100 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 6,244 shares, the short-interest ratio is currently 0.5 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. acquired a new stake in shares of First Trust Flexible Municipal High Income ETF during the third quarter worth $1,370,000. Independent Financial Group LLC acquired a new position in shares of First Trust Flexible Municipal High Income ETF during the first quarter worth approximately $302,000. Envestnet Asset Management Inc. boosted its position in First Trust Flexible Municipal High Income ETF by 19.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,673 shares of the technology company’s stock worth $984,000 after acquiring an additional 9,099 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in First Trust Flexible Municipal High Income ETF by 54.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 13,435 shares of the technology company’s stock worth $213,000 after purchasing an additional 4,717 shares during the period. Finally, Hedeker Wealth LLC lifted its stake in shares of First Trust Flexible Municipal High Income ETF by 6.6% in the 2nd 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 during the period. 31.03% of the stock is owned by institutional investors and hedge funds.

First Trust Flexible Municipal High Income ETF Stock Down 0.2%

Shares of First Trust Flexible Municipal High Income ETF stock traded down $0.04 during trading hours on Tuesday, hitting $16.62. 1,344 shares of the company’s stock traded hands, compared to its average volume of 5,905. First Trust Flexible Municipal High Income ETF has a twelve month low of $15.57 and a twelve month high of $17.95. The stock has a 50 day simple moving average of $16.24 and a 200-day simple moving average of $16.91. The company has a market cap of $19.94 million, a PE ratio of 16.29 and a beta of 0.39.

First Trust Flexible Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were given a dividend of $0.0620 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.5%. First Trust Flexible Municipal High Income ETF’s dividend payout ratio (DPR) is presently 70.59%.

About First Trust Flexible Municipal High Income ETF

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.