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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Horizon Flexible Income ETF stock. Envestnet Asset Management Inc. acquired a new position in Horizon Flexible Income ETF (BATS:FLXN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 370,087 shares of the company’s stock, valued at approximately $9,216,000. Envestnet Asset Management Inc. owned approximately 25.18% of Horizon Flexible Income ETF at the end of the most recent reporting period.

Horizon Flexible Income ETF Stock Up 0.2%

Shares of BATS:FLXN traded up $0.06 during trading on Monday, hitting $24.16. The company’s stock had a trading volume of 5,480 shares, compared to its average volume of 14,288. The company has a 50-day simple moving average of $24.49. Horizon Flexible Income ETF has a 12 month low of $23.87 and a 12 month high of $26.09.

Horizon Flexible Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, September 28th. Shareholders of record on Friday, September 25th were issued a dividend of $0.19 per share. This is an increase from Horizon Flexible Income ETF’s previous monthly dividend of $0.1753. This represents a $2.28 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend was Friday, September 25th.