First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Stock Short Interest Falls 61.5%

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 23,102 shares, a decline of 61.5% from the September 30th total of 60,077 shares. Based on an average daily volume of 1,101,651 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust TCW Unconstrained Plus Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 5.4% during the 1st quarter. Royal Bank of Canada now owns 4,003,535 shares of the company’s stock valued at $99,168,000 after purchasing an additional 203,447 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,623,316 shares of the company’s stock valued at $65,268,000 after purchasing an additional 167,138 shares in the last quarter. Trilogy Capital Inc. boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 6.2% during the 2nd quarter. Trilogy Capital Inc. now owns 1,572,195 shares of the company’s stock valued at $39,116,000 after buying an additional 91,824 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 36.2% during the 3rd quarter. IFP Advisors Inc now owns 1,538,154 shares of the company’s stock valued at $36,523,000 after buying an additional 408,615 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 6.6% during the 1st quarter. Cetera Investment Advisers now owns 1,436,630 shares of the company’s stock valued at $35,585,000 after buying an additional 88,522 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

Shares of UCON opened at $23.97 on Thursday. First Trust TCW Unconstrained Plus Bond ETF has a 52-week low of $23.56 and a 52-week high of $25.63. The business has a fifty day moving average of $24.17 and a 200 day moving average of $24.74.

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.