First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Short Interest Down 61.9% in March

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 18,263 shares, a drop of 61.9% from the February 26th total of 47,964 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 754,795 shares, the short-interest ratio is presently 0.0 days.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

NYSEARCA:UCON traded down $0.27 during trading hours on Thursday, reaching $24.58. The stock had a trading volume of 586,199 shares, compared to its average volume of 635,167. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $24.38 and a 52 week high of $25.63. The company has a 50 day moving average price of $25.13 and a two-hundred day moving average price of $25.19.

First Trust TCW Unconstrained Plus Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Hedge Funds Weigh In On First Trust TCW Unconstrained Plus Bond ETF

Several institutional investors have recently bought and sold shares of the business. Bleakley Financial Group LLC lifted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 25.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 351,996 shares of the company’s stock valued at $8,866,000 after acquiring an additional 71,434 shares during the last quarter. Cyndeo Wealth Partners LLC grew its position in First Trust TCW Unconstrained Plus Bond ETF by 4.3% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 773,673 shares of the company’s stock worth $19,473,000 after acquiring an additional 32,015 shares in the last quarter. Csenge Advisory Group increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 3.1% during the third quarter. Csenge Advisory Group now owns 1,285,637 shares of the company’s stock worth $32,383,000 after acquiring an additional 39,154 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in First Trust TCW Unconstrained Plus Bond ETF during the second quarter worth approximately $803,000. Finally, Earned Wealth Advisors LLC raised its position in First Trust TCW Unconstrained Plus Bond ETF by 29.9% during the third quarter. Earned Wealth Advisors LLC now owns 419,964 shares of the company’s stock valued at $10,578,000 after purchasing an additional 96,708 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Company Profile

The First Trust TCW Unconstrained Plus Bond ETF (UCON) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund, which broadly invests in various fixed income securities of almost any sector, maturity, or credit quality. UCON was launched on Jun 4, 2018 and is managed by First Trust.