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

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 62,668 shares, a drop of 59.5% from the December 15th total of 154,707 shares. Based on an average trading volume of 301,954 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 301,954 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust TCW Opportunistic Fixed Income ETF

A number of institutional investors have recently added to or reduced their stakes in FIXD. CoreCap Advisors LLC raised its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 8.3% in the 4th quarter. CoreCap Advisors LLC now owns 130,544 shares of the company’s stock worth $5,786,000 after buying an additional 10,052 shares in the last quarter. National Wealth Management Group LLC boosted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 21.4% during the 4th quarter. National Wealth Management Group LLC now owns 27,637 shares of the company’s stock valued at $1,225,000 after purchasing an additional 4,865 shares in the last quarter. DAVENPORT & Co LLC grew its position in First Trust TCW Opportunistic Fixed Income ETF by 16.5% in the fourth quarter. DAVENPORT & Co LLC now owns 10,547 shares of the company’s stock worth $467,000 after buying an additional 1,492 shares during the last quarter. Focus Financial Network Inc. grew its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 4.6% in the 4th quarter. Focus Financial Network Inc. now owns 10,035 shares of the company’s stock worth $445,000 after acquiring an additional 445 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 6.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 39,684 shares of the company’s stock valued at $1,756,000 after purchasing an additional 2,348 shares during the period.

First Trust TCW Opportunistic Fixed Income ETF Stock Performance

FIXD stock traded up $0.10 during trading on Wednesday, hitting $44.54. The company had a trading volume of 64,632 shares, compared to its average volume of 564,493. The business has a 50 day moving average of $44.42 and a 200 day moving average of $44.26. First Trust TCW Opportunistic Fixed Income ETF has a fifty-two week low of $41.16 and a fifty-two week high of $45.15.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.19 dividend. The ex-dividend date was Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 5.1%.

About First Trust TCW Opportunistic Fixed Income ETF

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.