First Trust is trading at 17.23 as of the 22nd of November 2024; that is 0.12 percent decrease since the beginning of the trading day. The etf's open price was 17.25. First Trust has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for First Trust Flexible are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80 percent of its net assets in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal CEF is traded on NASDAQ Exchange in the United States.. The company has 24.37 M outstanding shares of which 229.57 K shares are now shorted by private and institutional investors with about 0.0 trading days to cover. More on First Trust Flexible
Tom Futrell, Johnathan N. Wilhelm, Ken Fincher, Tom Byron
Transfer Agent
The Bank of New York Mellon Corporation
Fiscal Year End
31-Aug
Exchange
NASDAQ
Number of Constituents
70.0
Market Maker
Susquehanna
Total Expense
0.88
Management Fee
0.75
Country Name
USA
Returns Y T D
4.39
Name
First Trust Flexible Municipal High Income ETF
Currency Code
USD
Open Figi
BBG00DX33JB1
In Threey Volatility
10.59
1y Volatility
7.48
200 Day M A
17.1
50 Day M A
17.3561
Code
MFLX
Updated At
21st of November 2024
Currency Name
US Dollar
In Threey Sharp Ratio
(0.53)
Type
ETF
First Trust Flexible [MFLX] is traded in USA and was established 2016-09-27. The fund is listed under Muni National Long category and is part of First Trust family. The entity is thematically classified as Broad Municipals ETFs. First Trust Flexible now have 12.67 M in assets. , while the total return for the last 3 years was -2.6%.
First Trust Flexible currently holds about 214.23 M in cash with 92.88 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.09.
Check First Trust Probability Of Bankruptcy
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in First Trust. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
When determining whether First Trust Flexible offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Trust's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Trust Flexible Etf. Outlined below are crucial reports that will aid in making a well-informed decision on First Trust Flexible Etf:
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The market value of First Trust Flexible is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.