First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Short Interest Up 119.8% in August

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 534,279 shares, a growth of 119.8% from the August 15th total of 243,088 shares. Based on an average daily volume of 598,806 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the company’s shares are sold short.

First Trust TCW Unconstrained Plus Bond ETF Trading Down 0.0%

UCON opened at $24.29 on Wednesday. The firm’s fifty day moving average is $24.62 and its two-hundred day moving average is $24.81. First Trust TCW Unconstrained Plus Bond ETF has a twelve month low of $23.72 and a twelve month high of $25.63.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 9.4% during the second quarter. Integrated Wealth Concepts LLC now owns 982,703 shares of the company’s stock worth $24,450,000 after purchasing an additional 84,095 shares during the last quarter. NewEdge Advisors LLC increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 20.4% in the 2nd quarter. NewEdge Advisors LLC now owns 252,649 shares of the company’s stock valued at $6,286,000 after buying an additional 42,754 shares during the last quarter. IFP Advisors Inc increased its stake in First Trust TCW Unconstrained Plus Bond ETF by 26.5% in the 2nd quarter. IFP Advisors Inc now owns 1,129,539 shares of the company’s stock valued at $28,103,000 after buying an additional 236,972 shares during the last quarter. Baird Financial Group Inc. lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 5.1% during the 2nd quarter. Baird Financial Group Inc. now owns 301,493 shares of the company’s stock worth $7,501,000 after buying an additional 14,637 shares in the last quarter. Finally, Waverly Advisors LLC lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 5,579.0% during the 2nd quarter. Waverly Advisors LLC now owns 782,901 shares of the company’s stock worth $19,479,000 after buying an additional 769,115 shares in the last quarter.

About First Trust TCW Unconstrained Plus Bond ETF

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.