First Trust Flexible Municipal High Income ETF (MFLX) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust Flexible Municipal High Income ETF shares that have been sold short but have not yet been closed out or covered. As of February 28th, traders have sold 3,100 shares of MFLX short. 0.36% of First Trust Flexible Municipal High Income ETF's shares are currently sold short. Learn More on First Trust Flexible Municipal High Income ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. MFLX shares currently have a short interest ratio of 1.0. Learn More on First Trust Flexible Municipal High Income ETF's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.36% of First Trust Flexible Municipal High Income ETF's floating shares are currently sold short.

First Trust Flexible Municipal High Income ETF saw a decline in short interest in February. As of February 28th, there was short interest totaling 3,100 shares, a decline of 26.2% from the previous total of 4,200 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.36% of First Trust Flexible Municipal High Income ETF's shares are currently sold short. Here is how the short interest of companies compare to First Trust Flexible Municipal High Income ETF: BlackRock Short-Term California Muni Bond ETF (0.57%), First Trust California Municipal High Income ETF (0.03%), First Trust Municipal High Income ETF (0.09%), and First Trust Managed Municipal ETF (0.02%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Invesco QQQ ($23.74 billion), iShares 20+ Year Treasury Bond ETF ($10.75 billion), MicroStrategy Incorporated ($6.56 billion), Apollo Global Management, Inc. ($5.40 billion), Charter Communications, Inc. ($4.57 billion), AppLovin Co. ($4.45 billion), Capital One Financial Co. ($4.33 billion), Super Micro Computer, Inc. ($4.23 billion), Schlumberger Limited ($3.22 billion), and Royal Caribbean Cruises Ltd. ($3.06 billion). View all of the most shorted stocks.

Short selling MFLX is an investing strategy that aims to generate trading profit from First Trust Flexible Municipal High Income ETF as its price is falling. MFLX shares are trading up $0.25 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Flexible Municipal High Income ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of MFLX, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MFLX, twice per month. The most recent reporting period available is February, 28 2025.