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

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw a significant growth in short interest in the month of 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 533,655 shares, the short-interest ratio is currently 0.3 days.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

UCON traded up $0.06 during midday trading on Tuesday, hitting $24.79. 583,360 shares of the company traded hands, compared to its average volume of 584,175. The business has a 50 day simple moving average of $24.87 and a two-hundred day simple moving average of $25.00. First Trust TCW Unconstrained Plus Bond ETF has a 52-week low of $24.41 and a 52-week high of $25.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Abound Wealth Management acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF in the 2nd quarter worth about $31,000. Focus Financial Network Inc. acquired a new position in shares of First Trust TCW Unconstrained Plus Bond ETF during the second quarter valued at approximately $10,844,000. Valeo Financial Advisors LLC purchased a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the second quarter valued at approximately $255,000. First Heartland Consultants Inc. lifted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 1.2% in the second quarter. First Heartland Consultants Inc. now owns 577,736 shares of the company’s stock valued at $14,374,000 after acquiring an additional 6,589 shares in the last quarter. Finally, TrueWealth Advisors LLC boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 0.7% in the second quarter. TrueWealth Advisors LLC now owns 263,690 shares of the company’s stock worth $6,561,000 after acquiring an additional 1,816 shares during the last quarter.

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.