Horizon Flexible Income ETF (BATS:FLXN) Shares Shorted: Short Interest Down 92.9% in October

Horizon Flexible Income ETF (BATS:FLXN) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 866 shares, a decline of 92.9% from the September 30th total of 12,197 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 37,786 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Horizon Flexible Income ETF

An institutional investor recently raised its position in Horizon Flexible Income ETF stock. Bank of New York Mellon Corp increased its stake in Horizon Flexible Income ETF (BATS:FLXN) by 1.6% in the 1st quarter, according to the company in its most recent disclosure 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 about 99.62% of Horizon Flexible Income ETF worth $36,871,000 at the end of the most recent quarter.

Horizon Flexible Income ETF Stock Up 0.2%

Shares of FLXN stock opened at $24.16 on Tuesday. Horizon Flexible Income ETF has a fifty-two week low of $23.87 and a fifty-two week high of $26.09. The business has a 50 day simple moving average of $24.49.

Horizon Flexible Income ETF Increases Dividend

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