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The First Trust Flexible Municipal High Income ETF (the "Fund") (formerly First Trust Municipal CEF Income Opportunity ETF) seeks to provide current income. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal debt securities are generally issued by or on behalf of states, territories or possessions of the United States and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities. The Fund may invest in a range of municipal securities, including, but not limited to, municipal lease obligations (and certificates of participation in such obligations),municipal general obligation bonds, municipal revenue bonds, municipal notes, municipal cash equivalents, private activity bonds (including without limitation industrial development bonds), and pre-refunded and escrowed to maturity bonds.
First Trust Flexible Municipal High Income ETF trades on the NASDAQ stock market under the symbol MFLX.
As of April 10, 2026, MFLX stock price declined to $17.06 with 3,835 million shares trading.
MFLX has a market cap of $18.76 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, MFLX traded as high as $18.91 and as low as $15.17.
MFLX has underperformed the market in the last year with a price return of +6.8% while the SPY ETF gained +30.9%. However, in the short term, MFLX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +0.8% vs -1.8% return in SPY. But in the last 2 weeks, MFLX shares have been beat by the market, returning +1.8% compared to an SPY return of +7.2%.
MFLX support price is $16.96 and resistance is $17.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MFLX shares will trade within this expected range on the day.
