Short Interest in Horizon Flexible Income ETF (BATS:FLXN) Grows By 101.6%

Horizon Flexible Income ETF (BATS:FLXN) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 7,270 shares, a growth of 101.6% from the June 30th total of 3,607 shares. Based on an average trading volume of 4,232 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Trading of Horizon Flexible Income ETF

A hedge fund recently raised its position in Horizon Flexible Income ETF stock. Bank of New York Mellon Corp increased its holdings in shares of Horizon Flexible Income ETF (BATS:FLXN) by 1.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,464,345 shares of the company’s stock after purchasing an additional 23,475 shares during the quarter. 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 SEC.

Horizon Flexible Income ETF Stock Up 0.7%

FLXN stock opened at $24.69 on Friday. The firm’s 50-day moving average price is $24.96. 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 company also recently disclosed a monthly dividend, which was paid on Tuesday, July 28th. Stockholders of record on Monday, July 27th were paid a $0.20 dividend. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend was Monday, July 27th.