Short Interest in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Expands By 516.5%

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 411,800 shares, an increase of 516.5% from the October 31st total of 66,800 shares. Based on an average daily trading volume, of 860,600 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On First Trust TCW Opportunistic Fixed Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FIXD. Strategic Financial Concepts LLC raised its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 10.2% during the second quarter. Strategic Financial Concepts LLC now owns 144,169 shares of the company’s stock valued at $62,000 after purchasing an additional 13,402 shares during the period. Signaturefd LLC lifted its position in First Trust TCW Opportunistic Fixed Income ETF by 34.4% in the 2nd quarter. Signaturefd LLC now owns 1,500 shares of the company’s stock valued at $65,000 after acquiring an additional 384 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in First Trust TCW Opportunistic Fixed Income ETF in the 3rd quarter valued at about $112,000. Hantz Financial Services Inc. bought a new position in First Trust TCW Opportunistic Fixed Income ETF in the 2nd quarter valued at about $117,000. Finally, Kaydan Wealth Management Inc. bought a new position in First Trust TCW Opportunistic Fixed Income ETF in the 2nd quarter valued at about $212,000.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

FIXD stock traded up $0.16 during midday trading on Friday, hitting $44.02. The stock had a trading volume of 185,771 shares, compared to its average volume of 765,161. First Trust TCW Opportunistic Fixed Income ETF has a 1-year low of $41.90 and a 1-year high of $46.80. The business has a fifty day moving average price of $44.17 and a two-hundred day moving average price of $44.04.

First Trust TCW Opportunistic Fixed Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a $0.145 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.74 annualized dividend and a yield of 3.95%.

First Trust TCW Opportunistic Fixed Income ETF Company Profile

The First Trust TCW Opportunistic Fixed Income ETF (FIXD) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively managed, broad-based, and broad-maturity bond fund that aims for a weighted average duration within 1 year of the Bloomberg US Aggregate Index.