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

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXDGet Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 88,524 shares, a growth of 306.4% from the July 15th total of 21,783 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 279,249 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On First Trust TCW Opportunistic Fixed Income ETF

Several hedge funds have recently bought and sold shares of the company. Compass Financial Management LLC bought a new stake in First Trust TCW Opportunistic Fixed Income ETF in the 2nd quarter valued at $179,000. First Heartland Consultants Inc. grew its stake in First Trust TCW Opportunistic Fixed Income ETF by 34.1% during the second quarter. First Heartland Consultants Inc. now owns 7,072 shares of the company’s stock worth $308,000 after buying an additional 1,797 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in First Trust TCW Opportunistic Fixed Income ETF in the second quarter valued at approximately $743,000. CoreCap Advisors LLC increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 12.7% in the 2nd quarter. CoreCap Advisors LLC now owns 155,430 shares of the company’s stock valued at $6,778,000 after purchasing an additional 17,507 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co raised its stake in First Trust TCW Opportunistic Fixed Income ETF by 4.8% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 137,947 shares of the company’s stock worth $6,013,000 after acquiring an additional 6,316 shares in the last quarter.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

Shares of NASDAQ FIXD traded down $0.12 during mid-day trading on Friday, hitting $42.97. The company had a trading volume of 106,390 shares, compared to its average volume of 387,632. The firm has a 50-day simple moving average of $43.33 and a two-hundred day simple moving average of $43.74. First Trust TCW Opportunistic Fixed Income ETF has a one year low of $42.51 and a one year high of $45.15.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 4.6%.

About First Trust TCW Opportunistic Fixed Income ETF

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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.

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