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

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 131,873 shares, an increase of 1,463.8% from the May 14th total of 8,433 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 432,775 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust TCW Opportunistic Fixed Income ETF

Large investors have recently added to or reduced their stakes in the company. Founders Financial Alliance LLC lifted its stake in First Trust TCW Opportunistic Fixed Income ETF by 309.9% during the third quarter. Founders Financial Alliance LLC now owns 660 shares of the company’s stock worth $29,000 after purchasing an additional 499 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new position in First Trust TCW Opportunistic Fixed Income ETF during the first quarter worth $35,000. JPMorgan Chase & Co. lifted its stake in First Trust TCW Opportunistic Fixed Income ETF by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 1,164 shares of the company’s stock worth $52,000 after purchasing an additional 265 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new position in First Trust TCW Opportunistic Fixed Income ETF during the fourth quarter worth $143,000. Finally, Bank of Montreal Can bought a new position in First Trust TCW Opportunistic Fixed Income ETF during the fourth quarter worth $154,000.

First Trust TCW Opportunistic Fixed Income ETF Stock Performance

Shares of First Trust TCW Opportunistic Fixed Income ETF stock traded up $0.08 on Thursday, hitting $43.48. 84,893 shares of the company’s stock traded hands, compared to its average volume of 410,673. The firm’s 50-day moving average is $43.65 and its 200 day moving average is $44.09. First Trust TCW Opportunistic Fixed Income ETF has a 52-week low of $42.51 and a 52-week high of $45.15.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, May 21st. This represents a c) annualized dividend and a yield of 4.6%.

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.