Horizon Flexible Income ETF (BATS:FLXN) Stock Short Interest Falls 60.3%

Horizon Flexible Income ETF (BATS:FLXN) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 3,999 shares, a drop of 60.3% from the August 31st total of 10,080 shares. Based on an average trading volume of 9,274 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

Horizon Flexible Income ETF Price Performance

FLXN stock opened at $24.14 on Tuesday. The stock’s 50 day simple moving average is $24.75. Horizon Flexible Income ETF has a fifty-two week low of $24.12 and a fifty-two week high of $26.09.

Horizon Flexible Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 28th. Stockholders of record on Friday, September 25th were given a dividend of $0.19 per share. The ex-dividend date was Friday, September 25th. This represents a $2.28 annualized dividend and a dividend yield of 9.4%. This is a boost from Horizon Flexible Income ETF’s previous monthly dividend of $0.1753.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Horizon Flexible Income ETF stock. Envestnet Asset Management Inc. purchased a new position in shares of Horizon Flexible Income ETF (BATS:FLXN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 370,087 shares of the company’s stock, valued at approximately $9,216,000. Envestnet Asset Management Inc. owned approximately 25.18% of Horizon Flexible Income ETF at the end of the most recent reporting period.