First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Stock Short Interest Drops 61.5%

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 23,102 shares, a drop of 61.5% from the September 30th total of 60,077 shares. Based on an average daily volume of 1,101,651 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

First Trust TCW Unconstrained Plus Bond ETF Trading Up 0.1%

Shares of NYSEARCA:UCON traded up $0.03 during trading on Friday, reaching $24.04. The stock had a trading volume of 722,124 shares, compared to its average volume of 610,678. The firm’s fifty day moving average is $24.15 and its 200 day moving average is $24.73. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $23.56 and a 52 week high of $25.63.

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

Large investors have recently added to or reduced their stakes in the business. MGO One Seven LLC raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 2.4% in the 3rd quarter. MGO One Seven LLC now owns 21,518 shares of the company’s stock worth $511,000 after purchasing an additional 495 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 2.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,473 shares of the company’s stock valued at $733,000 after purchasing an additional 589 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in First Trust TCW Unconstrained Plus Bond ETF by 14.0% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 6,356 shares of the company’s stock valued at $157,000 after purchasing an additional 783 shares during the period. Balefire LLC grew its holdings in First Trust TCW Unconstrained Plus Bond ETF by 2.4% during the first quarter. Balefire LLC now owns 33,578 shares of the company’s stock valued at $832,000 after purchasing an additional 784 shares during the period. Finally, Pine Valley Investments Ltd Liability Co grew its holdings in First Trust TCW Unconstrained Plus Bond ETF by 1.0% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 89,420 shares of the company’s stock valued at $2,215,000 after purchasing an additional 859 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Company Profile

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.