FundX Flexible ETF (NYSEARCA:XFLX) Sees Significant Decline in Short Interest
by Danessa Lincoln · The Markets DailyFundX Flexible ETF (NYSEARCA:XFLX – Get Free Report) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 217 shares, a drop of 64.5% from the May 14th total of 612 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 60 shares, the days-to-cover ratio is currently 3.6 days.
FundX Flexible ETF Price Performance
XFLX stock traded up $0.01 during midday trading on Friday, hitting $22.66. 3,649 shares of the stock traded hands, compared to its average volume of 12,948. The firm has a market cap of $49.63 million, a P/E ratio of 19.43 and a beta of 0.24. The stock’s fifty day simple moving average is $22.55 and its 200-day simple moving average is $22.89. FundX Flexible ETF has a 1-year low of $22.02 and a 1-year high of $24.75.
Hedge Funds Weigh In On FundX Flexible ETF
A hedge fund recently raised its stake in FundX Flexible ETF stock. Royal Bank of Canada raised its stake in shares of FundX Flexible ETF (NYSEARCA:XFLX – Free Report) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,368 shares of the company’s stock after purchasing an additional 1,158 shares during the period. Royal Bank of Canada owned 0.25% of FundX Flexible ETF worth $120,000 at the end of the most recent quarter.
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.