Short Interest in FundX Flexible ETF (NYSEARCA:XFLX) Drops By 52.6%

FundX Flexible ETF (NYSEARCA:XFLX) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 221 shares, a decrease of 52.6% from the July 15th total of 466 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 454 shares, the days-to-cover ratio is currently 0.5 days.

FundX Flexible ETF Price Performance

Shares of NYSEARCA XFLX traded down $0.02 during mid-day trading on Friday, reaching $22.76. 290 shares of the company’s stock were exchanged, compared to its average volume of 10,430. The firm has a 50-day moving average price of $22.66 and a two-hundred day moving average price of $22.56. The firm has a market capitalization of $50.53 million, a price-to-earnings ratio of 19.43 and a beta of 0.23. FundX Flexible ETF has a 52 week low of $22.02 and a 52 week high of $24.75.

Institutional Trading of FundX Flexible ETF

An institutional investor recently raised its position in FundX Flexible ETF stock. Royal Bank of Canada lifted its stake in shares of FundX Flexible ETF (NYSEARCA:XFLX) by 75.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,438 shares of the company’s stock after purchasing an additional 4,070 shares during the period. Royal Bank of Canada owned 0.43% of FundX Flexible ETF worth $210,000 at the end of the most recent quarter.

FundX Flexible ETF Company Profile

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.