First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Large Decrease in Short Interest

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 60,077 shares, a drop of 84.0% from the September 15th total of 374,803 shares. Based on an average daily trading volume, of 744,274 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

UCON remained flat at $23.85 during trading on Friday. 919,765 shares of the company’s stock traded hands, compared to its average volume of 601,107. First Trust TCW Unconstrained Plus Bond ETF has a 12 month low of $23.56 and a 12 month high of $25.63. The business has a fifty day moving average of $24.37 and a 200-day moving average of $24.68.

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

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 5.4% during the 1st quarter. Royal Bank of Canada now owns 4,003,535 shares of the company’s stock worth $99,168,000 after buying an additional 203,447 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in First Trust TCW Unconstrained Plus Bond ETF by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 2,623,316 shares of the company’s stock worth $65,268,000 after acquiring an additional 167,138 shares during the period. Trilogy Capital Inc. grew its holdings in First Trust TCW Unconstrained Plus Bond ETF by 6.2% during the second quarter. Trilogy Capital Inc. now owns 1,572,195 shares of the company’s stock worth $39,116,000 after acquiring an additional 91,824 shares during the period. Cetera Investment Advisers raised its position in First Trust TCW Unconstrained Plus Bond ETF by 6.6% in the first quarter. Cetera Investment Advisers now owns 1,436,630 shares of the company’s stock worth $35,585,000 after acquiring an additional 88,522 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 318.7% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,302,870 shares of the company’s stock valued at $32,793,000 after acquiring an additional 991,683 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.