Short Interest in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Grows By 436.8%

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 302,670 shares, an increase of 436.8% from the April 30th total of 56,379 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 737,852 shares, the short-interest ratio is currently 0.4 days.

First Trust TCW Unconstrained Plus Bond ETF Trading Up 0.1%

Shares of UCON stock traded up $0.02 on Friday, hitting $24.93. The company had a trading volume of 394,543 shares, compared to its average volume of 608,776. The stock’s 50-day moving average is $24.87 and its two-hundred day moving average is $25.07. First Trust TCW Unconstrained Plus Bond ETF has a twelve month low of $24.41 and a twelve month high of $25.63.

Institutional Investors Weigh In On First Trust TCW Unconstrained Plus Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in UCON. Goldman Sachs Group Inc. acquired a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the first quarter valued at about $1,139,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 2,289.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,588 shares of the company’s stock valued at $114,000 after purchasing an additional 4,396 shares in the last quarter. Cresset Asset Management LLC boosted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 9.2% during the 2nd quarter. Cresset Asset Management LLC now owns 9,018 shares of the company’s stock valued at $224,000 after purchasing an additional 757 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 7.2% during the 2nd quarter. NewEdge Advisors LLC now owns 432,079 shares of the company’s stock valued at $10,754,000 after purchasing an additional 29,076 shares in the last quarter. Finally, Betterment LLC boosted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 88.3% during the 2nd quarter. Betterment LLC now owns 18,529 shares of the company’s stock valued at $461,000 after purchasing an additional 8,689 shares in the last quarter.

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.