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

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

Horizon Flexible Income ETF Stock Performance

FLXN stock opened at $24.85 on Friday. Horizon Flexible Income ETF has a twelve month low of $24.53 and a twelve month high of $26.09. The business’s 50 day moving average is $24.91.

Horizon Flexible Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 27th. Investors of record on Wednesday, August 26th were given a $0.1753 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was 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 boosted its stake in Horizon Flexible Income ETF (BATS:FLXN) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,464,345 shares of the company’s stock after acquiring an additional 23,475 shares during the period. Bank of New York Mellon Corp owned about 99.62% of Horizon Flexible Income ETF worth $36,871,000 as of its most recent SEC filing.