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 large increase in short interest during the month of August. As of August 31st, there was short interest totaling 534,279 shares, an increase of 119.8% from the August 15th total of 243,088 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 598,806 shares, the days-to-cover ratio is presently 0.9 days.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.1%

Shares of NYSEARCA:UCON traded up $0.02 during trading on Monday, hitting $24.35. The stock had a trading volume of 438,104 shares, compared to its average volume of 570,066. First Trust TCW Unconstrained Plus Bond ETF has a 12 month low of $23.72 and a 12 month high of $25.63. The firm’s fifty day moving average is $24.64 and its 200 day moving average is $24.82.

Institutional Investors Weigh In On First Trust TCW Unconstrained Plus Bond ETF

Institutional investors have recently made changes to their positions in the company. Titleist Asset Management LLC raised its position in First Trust TCW Unconstrained Plus Bond ETF by 6.8% during the fourth quarter. Titleist Asset Management LLC now owns 9,701 shares of the company’s stock worth $244,000 after acquiring an additional 620 shares during the period. Cresset Asset Management LLC increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 9.2% during the second quarter. Cresset Asset Management LLC now owns 9,018 shares of the company’s stock worth $224,000 after purchasing an additional 757 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 14.0% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 6,356 shares of the company’s stock worth $157,000 after purchasing an additional 783 shares during the last quarter. Balefire LLC boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 2.4% in the 1st quarter. Balefire LLC now owns 33,578 shares of the company’s stock worth $832,000 after buying an additional 784 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,773 shares of the company’s stock valued at $69,000 after acquiring an additional 850 shares in the last quarter.

About First Trust TCW Unconstrained Plus Bond ETF

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.