First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Sees Significant Increase in Short Interest

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 74,281 shares, a growth of 722.3% from the June 15th total of 9,033 shares. Based on an average trading volume of 387,205 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 8,859,149 shares of the company’s stock worth $392,638,000 after buying an additional 208,089 shares in the last quarter. LPL Financial LLC grew its position in First Trust TCW Opportunistic Fixed Income ETF by 9.5% during the fourth quarter. LPL Financial LLC now owns 7,076,780 shares of the company’s stock worth $313,643,000 after buying an additional 612,706 shares in the last quarter. Wells Fargo & Company MN grew its position in First Trust TCW Opportunistic Fixed Income ETF by 4.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,930,860 shares of the company’s stock worth $262,856,000 after buying an additional 241,881 shares in the last quarter. Raymond James Financial Inc. increased its stake in First Trust TCW Opportunistic Fixed Income ETF by 6.4% in the 4th quarter. Raymond James Financial Inc. now owns 2,896,834 shares of the company’s stock worth $128,388,000 after acquiring an additional 174,165 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in First Trust TCW Opportunistic Fixed Income ETF by 105.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,828,195 shares of the company’s stock worth $124,105,000 after acquiring an additional 1,454,463 shares during the last quarter.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

NASDAQ:FIXD traded down $0.05 during mid-day trading on Friday, hitting $43.35. 180,450 shares of the stock traded hands, compared to its average volume of 408,042. The business’s 50-day moving average price is $43.56 and its 200 day moving average price is $43.96. First Trust TCW Opportunistic Fixed Income ETF has a 12-month low of $42.51 and a 12-month high of $45.15.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.165 dividend. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust TCW Opportunistic Fixed Income ETF Company Profile

The First Trust TCW Opportunistic Fixed Income ETF (FIXD) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively managed, broad-based, and broad-maturity bond fund that aims for a weighted average duration within 1 year of the Bloomberg US Aggregate Index. The fund may hold derivatives. FIXD was launched on Feb 14, 2017 and is managed by First Trust.