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 drop in short interest in May. As of May 29th, there was short interest totaling 76,697 shares, a drop of 74.7% from the May 14th total of 302,670 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 498,203 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Pine Valley Investments Ltd Liability Co lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 1.0% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 89,420 shares of the company’s stock valued at $2,215,000 after acquiring an additional 859 shares during the last quarter. NewEdge Advisors LLC lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 9.5% in the first quarter. NewEdge Advisors LLC now owns 209,895 shares of the company’s stock valued at $5,199,000 after acquiring an additional 18,277 shares during the last quarter. Western Wealth Management LLC lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 14.5% in the first quarter. Western Wealth Management LLC now owns 497,721 shares of the company’s stock valued at $12,329,000 after acquiring an additional 63,137 shares during the last quarter. Centaurus Financial Inc. lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 119.9% in the first quarter. Centaurus Financial Inc. now owns 37,647 shares of the company’s stock valued at $933,000 after acquiring an additional 20,528 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 3,132.6% in the first quarter. Arkadios Wealth Advisors now owns 1,062,860 shares of the company’s stock valued at $26,327,000 after acquiring an additional 1,029,981 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Down 0.1%

First Trust TCW Unconstrained Plus Bond ETF stock traded down $0.02 during mid-day trading on Friday, reaching $24.90. The company’s stock had a trading volume of 508,045 shares, compared to its average volume of 598,009. 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’s 50 day simple moving average is $24.90 and its 200 day simple moving average is $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.