First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Shares Shorted: Short Interest Up 3,326.0% in October

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 3,426 shares, an increase of 3,326.0% from the October 15th total of 100 shares. Based on an average trading volume of 6,244 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

First Trust Flexible Municipal High Income ETF Trading Up 0.0%

Shares of NASDAQ:MFLX opened at $16.61 on Thursday. The company has a 50 day moving average of $16.24 and a 200-day moving average of $16.91. The firm has a market cap of $19.94 million, a P/E ratio of 16.29 and a beta of 0.39. First Trust Flexible Municipal High Income ETF has a twelve month low of $15.57 and a twelve month high of $17.95.

First Trust Flexible Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were paid a dividend of $0.0620 per share. This represents a $0.74 annualized dividend and a yield of 4.5%. The ex-dividend date was Wednesday, October 21st. First Trust Flexible Municipal High Income ETF’s dividend payout ratio is presently 70.59%.

Institutional Investors Weigh In On First Trust Flexible Municipal High Income ETF

Several hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. bought a new stake in First Trust Flexible Municipal High Income ETF in the third quarter valued at $1,370,000. Envestnet Asset Management Inc. raised its stake in First Trust Flexible Municipal High Income ETF by 19.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,673 shares of the technology company’s stock worth $984,000 after buying an additional 9,099 shares during the period. Cetera Investment Advisers lifted its position in First Trust Flexible Municipal High Income ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 41,729 shares of the technology company’s stock valued at $700,000 after acquiring an additional 1,164 shares in the last quarter. Hedeker Wealth LLC grew its position in First Trust Flexible Municipal High Income ETF by 6.6% in the second quarter. Hedeker Wealth LLC now owns 25,202 shares of the technology company’s stock valued at $438,000 after purchasing an additional 1,554 shares in the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of First Trust Flexible Municipal High Income ETF in the first quarter valued at $302,000. Institutional investors own 31.03% of the company’s stock.

About First Trust Flexible Municipal High Income ETF

Multi-Fineline Electronix, Inc. is engaged in the engineering, design and manufacture of flexible circuit boards along with related component assemblies. The Company provides flexible printed circuits and value-added component assembly solutions to the electronics industry. The Company provides its solutions to original equipment manufacturers (OEMs) and to electronic manufacturing services (EMS) providers. The Company offers products in a range of sectors, including smartphones, tablets, computer/data storage, portable bar code scanners, personal computers, wearables and other consumer electronic devices.