First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) Sees Large Increase in Short Interest

First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 117,425 shares, a growth of 8,269.6% from the June 15th total of 1,403 shares. Currently, 3.9% of the company’s stock are short sold. Based on an average daily trading volume, of 23,475 shares, the days-to-cover ratio is presently 5.0 days.

First Trust TCW Securitized Plus ETF Stock Up 0.1%

First Trust TCW Securitized Plus ETF stock traded up $0.02 during midday trading on Friday, reaching $21.37. The company’s stock had a trading volume of 40,326 shares, compared to its average volume of 49,076. The business has a 50-day simple moving average of $21.33 and a 200-day simple moving average of $21.50. First Trust TCW Securitized Plus ETF has a fifty-two week low of $20.85 and a fifty-two week high of $22.03.

Institutional Investors Weigh In On First Trust TCW Securitized Plus ETF

Several institutional investors have recently added to or reduced their stakes in DEED. Geneos Wealth Management Inc. raised its holdings in First Trust TCW Securitized Plus ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $63,000 after purchasing an additional 2,000 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of First Trust TCW Securitized Plus ETF in the 2nd quarter valued at $143,000. Kestra Advisory Services LLC purchased a new position in shares of First Trust TCW Securitized Plus ETF in the 4th quarter valued at $146,000. Signal Advisors Wealth LLC grew its position in shares of First Trust TCW Securitized Plus ETF by 73.7% in the 1st quarter. Signal Advisors Wealth LLC now owns 17,765 shares of the company’s stock valued at $379,000 after buying an additional 7,538 shares during the last quarter. Finally, Puff Wealth Management LLC acquired a new stake in First Trust TCW Securitized Plus ETF during the 2nd quarter worth $415,000.

First Trust TCW Securitized Plus ETF Company Profile

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.