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

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 177,938 shares, a growth of 274.6% from the June 15th total of 47,503 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 533,655 shares, the short-interest ratio is presently 0.3 days.

First Trust TCW Unconstrained Plus Bond ETF Stock Down 0.3%

First Trust TCW Unconstrained Plus Bond ETF stock traded down $0.07 during midday trading on Monday, hitting $24.73. The stock had a trading volume of 295,014 shares, compared to its average volume of 584,182. First Trust TCW Unconstrained Plus Bond ETF has a 12 month low of $24.41 and a 12 month high of $25.63. The business has a fifty day moving average price of $24.87 and a 200 day moving average price of $25.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Abound Wealth Management acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF during the 2nd quarter valued at approximately $31,000. Parallel Advisors LLC acquired a new position in First Trust TCW Unconstrained Plus Bond ETF in the fourth quarter worth $36,000. Sound Income Strategies LLC acquired a new position in First Trust TCW Unconstrained Plus Bond ETF in the first quarter worth $39,000. TD Capital Management LLC bought a new stake in First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter valued at $48,000. Finally, Ascentis Independent Advisors bought a new stake in First Trust TCW Unconstrained Plus Bond ETF during the first quarter valued at $55,000.

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.