Short Interest in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Decreases By 74.7%

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 76,697 shares, a decrease of 74.7% from the May 14th total of 302,670 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 498,203 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in UCON. Parallel Advisors LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the fourth quarter worth $36,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the first quarter worth $39,000. TD Capital Management LLC acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the fourth quarter worth $48,000. Ascentis Independent Advisors acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF during the first quarter worth about $55,000. Finally, International Assets Investment Management LLC acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF during the fourth quarter worth about $57,000.

First Trust TCW Unconstrained Plus Bond ETF Stock Up 0.4%

Shares of NYSEARCA:UCON traded up $0.09 during midday trading on Thursday, reaching $24.92. The company’s stock had a trading volume of 843,790 shares, compared to its average volume of 598,821. First Trust TCW Unconstrained Plus Bond ETF has a twelve month low of $24.41 and a twelve month high of $25.63. The stock has a fifty day moving average of $24.90 and a 200 day moving average of $25.05.

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.