First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON – Get Free Report) was the recipient of a large growth in short interest in the month of 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 trading volume, of 598,806 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s stock are short sold.
First Trust TCW Unconstrained Plus Bond ETF Stock Performance
NYSEARCA:UCON traded down $0.01 on Tuesday, reaching $24.29. The stock had a trading volume of 262,487 shares, compared to its average volume of 569,129. The company has a 50-day moving average of $24.63 and a 200 day moving average of $24.81. First Trust TCW Unconstrained Plus Bond ETF has a 12-month low of $23.72 and a 12-month high of $25.63.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its position in shares of 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 acquiring an additional 84,095 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 20.4% in the second quarter. NewEdge Advisors LLC now owns 252,649 shares of the company’s stock valued at $6,286,000 after purchasing an additional 42,754 shares during the period. IFP Advisors Inc increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 26.5% in the second quarter. IFP Advisors Inc now owns 1,129,539 shares of the company’s stock valued at $28,103,000 after purchasing an additional 236,972 shares during the period. Baird Financial Group Inc. raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 5.1% during the second quarter. Baird Financial Group Inc. now owns 301,493 shares of the company’s stock valued at $7,501,000 after buying an additional 14,637 shares during the last quarter. Finally, Waverly Advisors LLC boosted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 5,579.0% during the second 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 during the period.
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.
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