First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) Short Interest Update

First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 31,368 shares, a drop of 73.3% from the June 30th total of 117,425 shares. Based on an average daily volume of 107,922 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.8% of the shares of the stock are sold short.

First Trust TCW Securitized Plus ETF Price Performance

DEED stock remained flat at $21.02 during midday trading on Friday. The company’s stock had a trading volume of 2,621 shares, compared to its average volume of 52,010. First Trust TCW Securitized Plus ETF has a 1-year low of $20.85 and a 1-year high of $22.03. The business has a 50 day moving average price of $21.31 and a 200 day moving average price of $21.48.

Institutional Investors Weigh In On First Trust TCW Securitized Plus ETF

A number of hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its position in shares of First Trust TCW Securitized Plus ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $63,000 after buying an additional 2,000 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in First Trust TCW Securitized Plus ETF in the second quarter worth $143,000. Kestra Advisory Services LLC bought a new stake in First Trust TCW Securitized Plus ETF in the fourth quarter worth $146,000. Signal Advisors Wealth LLC lifted its position in First Trust TCW Securitized Plus ETF by 73.7% in the first quarter. Signal Advisors Wealth LLC now owns 17,765 shares of the company’s stock worth $379,000 after buying an additional 7,538 shares during the last quarter. Finally, Puff Wealth Management LLC purchased a new position in First Trust TCW Securitized Plus ETF during the second quarter worth $415,000.

First Trust TCW Securitized Plus ETF Company Profile

The First Trust TCW Securitized Plus ETF (DEED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund of US securitized debt securities that have broad maturities. DEED was launched on Apr 29, 2020 and is managed by First Trust.