FundX Flexible ETF (NYSEARCA:XFLX) Sees Significant Decline in Short Interest

FundX Flexible ETF (NYSEARCA:XFLX) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 813 shares, a decline of 83.8% from the September 30th total of 5,012 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,307 shares, the days-to-cover ratio is presently 0.4 days.

FundX Flexible ETF Stock Performance

NYSEARCA:XFLX opened at $22.53 on Tuesday. The stock has a market capitalization of $49.79 million, a PE ratio of 19.43 and a beta of 0.24. FundX Flexible ETF has a fifty-two week low of $22.02 and a fifty-two week high of $24.75. The company has a fifty day moving average of $22.62 and a two-hundred day moving average of $22.57.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FundX Flexible ETF stock. Royal Bank of Canada boosted its stake in FundX Flexible ETF (NYSEARCA:XFLX) by 75.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,438 shares of the company’s stock after buying an additional 4,070 shares during the quarter. Royal Bank of Canada owned approximately 0.43% of FundX Flexible ETF worth $210,000 at the end of the most recent reporting period.

About FundX Flexible ETF

The fundX Flexible ETF (XFLX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that seeks total return through a portfolio of fixed income securities perceived to be in sync with market leaders. The fund invests in US and non-US bonds of any credit quality and maturity. XFLX was launched on Jan 7, 2002 and is issued by FundX.