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First Trust Flexible Municipal High Income ETF (MFLX)

Muni National Long | Exchange Traded Fund | NasdaqGM
16.14 USD +0.18 (1.096%) ⇧ (Oct. 15, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Oct. 10, 2026, 1:08 a.m. EDT

The immediate outlook is flat; the fund is trading right at its 52-week low while lagging both its 50-day and 200-day moving averages, suggesting no immediate catalyst to reverse the downtrend despite a moderate statistical forecast. Over the long term, the investment case is weakened by a decade-long structural decline where the asset has lost nearly 15% of its value over nine years, with the most recent annual performance showing another drop. While the distribution history is robust and consistent, providing a steady income stream, the persistent failure of the share price to recover from previous peaks indicates that the underlying municipal bond portfolio may be struggling to generate the capital appreciation or yield pickup necessary to drive the ETF higher.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.021249
AutoARIMA0.021856
AutoETS0.021868
AutoTheta0.022303

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 61%
H-stat 333.72
Ljung-Box p 0.000
Jarque-Bera p 0.019
Excess Kurtosis 0.21

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.39% 4.25% 4.05% 3.96%
Dividend History
Date Dividend Yield %
2026-09-24 0.062 0.388228
2026-08-21 0.062 0.368609
2026-07-21 0.061 0.355581
2026-06-25 0.061 0.352397
2026-05-21 0.061 0.359035
2026-04-21 0.060 0.350263
2026-03-26 0.060 0.356612
2026-02-20 0.060 0.348331
2026-01-21 0.060 0.352920
2025-12-12 0.058 0.342385
2025-11-21 0.058 0.341377
2025-10-21 0.058 0.338983
2025-09-25 0.058 0.343358
2025-08-21 0.058 0.353982
2025-07-22 0.058 0.354523
2025-06-26 0.058 0.351515
2025-05-21 0.058 0.349398
2025-04-22 0.058 0.360025
2025-03-27 0.058 0.347722
2025-02-21 0.058 0.338094
2025-01-22 0.058 0.341780
2024-12-13 0.058 0.336232
2024-11-21 0.058 0.336622
2024-10-22 0.058 0.336622
2024-09-26 0.058 0.331903
2024-08-21 0.058 0.336134
2024-07-23 0.055 0.322184
2024-06-27 0.051 0.300247
2024-05-21 0.051 0.302671
2024-04-23 0.051 0.306859
2024-03-21 0.051 0.300885
2024-02-21 0.051 0.302133
2024-01-23 0.051 0.306122
2023-12-22 0.051 0.300530
2023-11-21 0.051 0.314039
2023-10-24 0.050 0.322581
2023-09-22 0.050 0.315457
2023-08-22 0.050 0.307598
2023-07-21 0.050 0.299581
2023-06-27 0.050 0.301568
2023-05-23 0.054 0.329068
2023-04-21 0.054 0.325694
2023-03-24 0.054 0.327670
2023-02-22 0.054 0.330477
2023-01-24 0.054 0.322388
2022-12-23 0.054 0.332717
2022-11-22 0.054 0.333539
2022-10-21 0.054 0.346487
2022-09-23 0.054 0.336344
2022-08-23 0.054 0.317367
2022-07-21 0.058 0.340575
2022-06-24 0.058 0.350453
2022-05-24 0.058 0.345959
2022-04-12 0.058 0.334796
2022-03-11 0.065 0.352877
2022-02-11 0.065 0.345011
2022-01-11 0.065 0.316302
2021-12-14 0.094 0.454106
2021-11-12 0.063 0.299786
2021-10-13 0.063 0.302666
2021-09-14 0.063 0.294668
2021-08-11 0.063 0.291667
2021-07-13 0.063 0.292343
2021-06-11 0.063 0.298578
2021-05-11 0.063 0.301652
2021-04-13 0.063 0.306420
2021-03-11 0.063 0.312268
2021-02-11 0.063 0.304201
2021-01-12 0.063 0.314214
2020-12-11 0.063 0.314214
2020-11-12 0.063 0.324910
2020-10-14 0.060 0.312744
2020-09-11 0.055 0.285270
2020-08-11 0.055 0.279685
2020-07-14 0.055 0.286907
2020-06-11 0.053 0.285330
2020-05-12 0.050 0.282374
2020-04-13 0.050 0.279018
2020-03-11 0.050 0.254907
2020-02-11 0.050 0.249128
2020-01-14 0.048 0.242669
2019-12-11 0.048 0.245148
2019-11-13 0.048 0.249402
2019-10-11 0.048 0.246787
2019-09-11 0.048 0.247308
2019-08-13 0.048 0.245776
2019-07-11 0.048 0.251493
2019-06-11 0.048 0.254831
2019-05-14 0.048 0.256712
2019-04-11 0.048 0.259516
2019-03-12 0.048 0.262309
2019-02-12 0.050 0.278552
2019-01-11 0.050 0.282167
2018-12-11 0.054 0.308748
2018-11-09 0.054 0.315181
2018-10-11 0.054 0.315053
2018-09-11 0.050 0.279330
2018-08-10 0.050 0.280269
2018-07-11 0.054 0.302013
2018-06-12 0.054 0.302521
2018-05-11 0.055 0.309110
2018-04-11 0.055 0.309510
2018-03-13 0.055 0.307985
2018-02-13 0.055 0.305981
2018-01-11 0.055 0.294275
2017-12-21 0.058 0.311828
2017-11-21 0.058 0.309300
2017-10-20 0.058 0.306069
2017-09-21 0.060 0.312402
2017-08-22 0.060 0.312826
2017-07-21 0.060 0.313972
2017-06-22 0.060 0.314961
2017-05-23 0.060 0.318032
2017-04-21 0.060 0.319149
2017-03-23 0.060 0.326264
2017-02-22 0.060 0.324149
2017-01-20 0.060 0.324587
2016-12-21 0.060 0.327690
2016-11-22 0.060 0.327869
2016-10-21 0.060 0.308642
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 4.51

Info Dump

Attribute Value
All Time High 23.21
All Time Low 14.18
Ask 21.84
Ask Size 2
Average Daily Volume10 Day 8,490
Average Daily Volume3 Month 5,551
Average Volume 5,551
Average Volume10Days 8,490
Beta3 Year 1.14
Bid 12.19
Bid Size 2
Category Muni National Long
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 16.135
Day Low 16.135
Display Name Flexible Muni High Incm ETF
Dividend Yield 4.51
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 16.44166
Fifty Day Average Change -0.3066597
Fifty Day Average Change Percent -0.018651383
Fifty Two Week Change Percent -6.7114472
Fifty Two Week High 17.95
Fifty Two Week High Change -1.8150005
Fifty Two Week High Change Percent -0.10111423
Fifty Two Week Low 15.57
Fifty Two Week Low Change 0.56500053
Fifty Two Week Low Change Percent 0.03628777
Fifty Two Week Range 15.57 - 17.95
First Trade Date Milliseconds 1,475,155,800,000
Five Year Average Return -0.014263
Full Exchange Name NasdaqGM
Fullday Change 0.0
Fullday Change Percent 0.0
Fullday Price 16.135
Fund Family First Trust
Fund Inception Date 1,474,934,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary 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.
Long Name First Trust Flexible Municipal High Income ETF
Market us_market
Market State POST
Max Age 86,400
Message Board Id finmb_346872599
Nav Price 16.05
Net Assets 19,940,392.0
Net Expense Ratio 0.49
Open 16.135
Previous Close 15.96
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.17500019
Regular Market Change Percent 1.0964924
Regular Market Day High 16.135
Regular Market Day Low 16.135
Regular Market Day Range 16.135 - 16.135
Regular Market Open 16.135
Regular Market Previous Close 15.96
Regular Market Price 16.135
Regular Market Time 1,792,094,400
Regular Market Volume 212
Short Name First Trust Flexible Municipal
Source Interval 15
Symbol MFLX
Three Year Average Return 0.0430588
Total Assets 19,940,392
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -6.93959
Trailing Three Month Returns -6.93959
Triggerable 1
Two Hundred Day Average 16.97022
Two Hundred Day Average Change -0.83522034
Two Hundred Day Average Change Percent -0.04921682
Type Disp ETF
Volume 212
Yield 0.045100003
Ytd Return -3.38658