First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Short Interest Down 40.9% in July

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 7,719 shares, a decline of 40.9% from the June 30th total of 13,051 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,725 shares, the days-to-cover ratio is currently 0.9 days.

First Trust Flexible Municipal High Income ETF Trading Down 0.5%

Shares of First Trust Flexible Municipal High Income ETF stock traded down $0.08 during mid-day trading on Thursday, reaching $16.94. 1,016 shares of the stock were exchanged, compared to its average volume of 6,202. The company has a market cap of $21.17 million, a price-to-earnings ratio of 16.60 and a beta of 0.38. First Trust Flexible Municipal High Income ETF has a fifty-two week low of $16.21 and a fifty-two week high of $17.95. The firm has a 50-day simple moving average of $17.26 and a 200 day simple moving average of $17.17.

First Trust Flexible Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 4.3%. First Trust Flexible Municipal High Income ETF’s dividend payout ratio is currently 69.61%.

Institutional Trading of First Trust Flexible Municipal High Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in First Trust Flexible Municipal High Income ETF during the 4th quarter valued at about $204,000. Cetera Investment Advisers grew its stake 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 worth $217,000 after purchasing an additional 1,979 shares during the period. BDFS Capital LLC acquired a new stake in shares of First Trust Flexible Municipal High Income ETF during the fourth quarter worth $298,000. Independent Financial Group LLC bought a new stake in First Trust Flexible Municipal High Income ETF in the first quarter valued at about $302,000. Finally, Benjamin Edwards Inc. lifted its stake in First Trust Flexible Municipal High Income ETF by 69.0% in the second quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock valued at $367,000 after buying an additional 9,046 shares during the period. Institutional investors and hedge funds own 31.03% of the company’s stock.

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.