First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Short Interest Update

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 302,670 shares, an increase of 436.8% from the April 30th total of 56,379 shares. Based on an average daily volume of 737,852 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

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

Several institutional investors have recently modified their holdings of UCON. LPL Financial LLC grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 14.2% during the fourth quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock worth $306,068,000 after acquiring an additional 1,509,510 shares during the last quarter. Trilogy Capital Inc. bought a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter worth about $34,449,000. Ameriprise Financial Inc. grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.9% during the third quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock worth $100,689,000 after acquiring an additional 1,238,354 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 3,132.6% during the first quarter. Arkadios Wealth Advisors now owns 1,062,860 shares of the company’s stock worth $26,327,000 after acquiring an additional 1,029,981 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 318.7% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,302,870 shares of the company’s stock worth $32,793,000 after acquiring an additional 991,683 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.2%

UCON stock traded up $0.04 during trading on Thursday, hitting $24.90. 312,951 shares of the company’s stock traded hands, compared to its average volume of 610,174. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $24.41 and a 52 week high of $25.63. The stock has a fifty day moving average price of $24.87 and a two-hundred day moving average price of $25.07.

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.