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

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,768 shares, a decrease of 94.6% from the July 30th total of 88,524 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 287,342 shares, the days-to-cover ratio is currently 0.0 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Mach 1 Financial Group LLC acquired a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF in the fourth quarter valued at approximately $774,000. UBS Group AG boosted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 112.2% during the fourth quarter. UBS Group AG now owns 1,524,629 shares of the company’s stock worth $67,572,000 after purchasing an additional 806,153 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 9.5% during the fourth quarter. LPL Financial LLC now owns 7,076,780 shares of the company’s stock worth $313,643,000 after purchasing an additional 612,706 shares during the last quarter. Comerica Bank boosted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 29.0% during the fourth quarter. Comerica Bank now owns 70,913 shares of the company’s stock worth $3,143,000 after purchasing an additional 15,945 shares during the last quarter. Finally, Atria Investments Inc grew its position in First Trust TCW Opportunistic Fixed Income ETF by 3.4% in the fourth quarter. Atria Investments Inc now owns 512,188 shares of the company’s stock valued at $22,700,000 after purchasing an additional 16,923 shares in the last quarter.

First Trust TCW Opportunistic Fixed Income ETF Stock Performance

Shares of NASDAQ:FIXD traded up $0.21 during mid-day trading on Tuesday, reaching $43.05. The stock had a trading volume of 160,667 shares, compared to its average volume of 380,684. The firm has a 50 day simple moving average of $43.23 and a two-hundred day simple moving average of $43.67. First Trust TCW Opportunistic Fixed Income ETF has a twelve month low of $42.51 and a twelve month high of $45.15.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be issued a $0.165 dividend. The ex-dividend date is Friday, August 21st. This represents a c) annualized dividend and a yield of 4.6%.

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.