TCW Flexible Income ETF (NYSE:FLXR) Sees Significant Increase in Short Interest

TCW Flexible Income ETF (NYSE:FLXR) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 261,587 shares, an increase of 76.6% from the August 31st total of 148,084 shares. Based on an average daily volume of 467,467 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of TCW Flexible Income ETF

A number of institutional investors have recently bought and sold shares of FLXR. Envestnet Portfolio Solutions Inc. increased its position in TCW Flexible Income ETF by 13.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 110,888 shares of the company’s stock worth $4,348,000 after purchasing an additional 12,793 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of TCW Flexible Income ETF by 41.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,158,257 shares of the company’s stock valued at $84,625,000 after buying an additional 627,369 shares during the last quarter. IFP Advisors Inc grew its stake in shares of TCW Flexible Income ETF by 35.6% in the 2nd quarter. IFP Advisors Inc now owns 3,205 shares of the company’s stock valued at $126,000 after buying an additional 841 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of TCW Flexible Income ETF by 4.3% in the 2nd quarter. Baird Financial Group Inc. now owns 243,521 shares of the company’s stock valued at $9,548,000 after buying an additional 10,038 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in TCW Flexible Income ETF in the second quarter worth approximately $273,000.

TCW Flexible Income ETF Stock Down 0.0%

FLXR stock traded down $0.01 during midday trading on Tuesday, reaching $37.96. The company had a trading volume of 678,287 shares, compared to its average volume of 429,538. TCW Flexible Income ETF has a 1 year low of $37.86 and a 1 year high of $39.97. The company has a 50 day moving average of $38.71 and a two-hundred day moving average of $39.01.

About TCW Flexible Income ETF

The TCW Flexible Income ETF (FLXR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that seeks to provide consistent income. The fund has the flexibility to invest across a wide spectrum of security type, credit quality and maturity profiles FLXR was launched on Nov 30, 2018 and is issued by TCW.