First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Short Interest Update

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 76,697 shares, a decline of 74.7% from the May 14th total of 302,670 shares. Based on an average trading volume of 498,203 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

First Trust TCW Unconstrained Plus Bond ETF Trading Down 0.1%

Shares of First Trust TCW Unconstrained Plus Bond ETF stock traded down $0.02 on Friday, reaching $24.90. 508,045 shares of the stock were exchanged, compared to its average volume of 598,009. First Trust TCW Unconstrained Plus Bond ETF has a 1-year low of $24.41 and a 1-year high of $25.63. The business has a fifty day moving average price of $24.90 and a two-hundred day moving average price of $25.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Pine Valley Investments Ltd Liability Co increased its stake in shares of 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 worth $2,215,000 after acquiring an additional 859 shares during the period. NewEdge Advisors LLC increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 9.5% during the first quarter. NewEdge Advisors LLC now owns 209,895 shares of the company’s stock worth $5,199,000 after acquiring an additional 18,277 shares during the period. Western Wealth Management LLC increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 14.5% during the first quarter. Western Wealth Management LLC now owns 497,721 shares of the company’s stock worth $12,329,000 after acquiring an additional 63,137 shares during the period. Centaurus Financial Inc. increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 119.9% during the first quarter. Centaurus Financial Inc. now owns 37,647 shares of the company’s stock worth $933,000 after acquiring an additional 20,528 shares during the period. Finally, Arkadios Wealth Advisors grew its position in First Trust TCW Unconstrained Plus Bond ETF by 3,132.6% during the first quarter. Arkadios Wealth Advisors now owns 1,062,860 shares of the company’s stock worth $26,327,000 after buying an additional 1,029,981 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.