First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) Sees Significant Decline in Short Interest

First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 391 shares, a decline of 85.0% from the August 15th total of 2,601 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 4,840 shares, the short-interest ratio is currently 0.1 days.

First Trust TCW Securitized Plus ETF Trading Down 0.2%

NYSEARCA DEED traded down $0.04 on Friday, reaching $20.80. The company had a trading volume of 3,383 shares, compared to its average volume of 45,829. The company’s fifty day moving average is $21.14 and its 200 day moving average is $21.33. First Trust TCW Securitized Plus ETF has a 52-week low of $20.80 and a 52-week high of $22.03.

Hedge Funds Weigh In On First Trust TCW Securitized Plus ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its stake in First Trust TCW Securitized Plus ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $63,000 after acquiring an additional 2,000 shares during the last quarter. LPL Financial LLC grew its holdings in First Trust TCW Securitized Plus ETF by 4.4% during the fourth quarter. LPL Financial LLC now owns 88,383 shares of the company’s stock valued at $1,909,000 after purchasing an additional 3,728 shares during the period. Milestones Private Investment Advisors LLC increased its position in First Trust TCW Securitized Plus ETF by 4.5% in the first quarter. Milestones Private Investment Advisors LLC now owns 97,485 shares of the company’s stock worth $2,079,000 after buying an additional 4,213 shares during the last quarter. Equitable Holdings Inc. raised its stake in shares of First Trust TCW Securitized Plus ETF by 4.3% in the third quarter. Equitable Holdings Inc. now owns 105,363 shares of the company’s stock valued at $2,253,000 after buying an additional 4,358 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of First Trust TCW Securitized Plus ETF in the second quarter valued at $143,000.

About First Trust TCW Securitized Plus ETF

The First Trust TCW Securitized Plus ETF (DEED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund of US securitized debt securities that have broad maturities. DEED was launched on Apr 29, 2020 and is managed by First Trust.