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

Horizon Flexible Income ETF (BATS:FLXN) was the target of a large drop in short interest during the month of 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. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 9,274 shares, the short-interest ratio is currently 0.4 days.

Horizon Flexible Income ETF Stock Performance

FLXN stock opened at $24.07 on Wednesday. The company has a 50-day moving average price of $24.74. Horizon Flexible Income ETF has a 12-month low of $24.05 and a 12-month high of $26.09.

Horizon Flexible Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 28th. Investors of record on Friday, September 25th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, September 25th. This represents a $2.28 dividend on an annualized basis and a yield of 9.5%. This is a boost from Horizon Flexible Income ETF’s previous monthly dividend of $0.1753.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Horizon Flexible Income ETF stock. Bank of New York Mellon Corp raised its holdings in Horizon Flexible Income ETF (BATS:FLXN) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,464,345 shares of the company’s stock after buying 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.