Short Interest in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Rises By 436.8%

by · The Cerbat Gem

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 302,670 shares, a growth of 436.8% from the April 30th total of 56,379 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 737,852 shares, the short-interest ratio is currently 0.4 days.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

Shares of NYSEARCA:UCON traded up $0.02 during trading on Friday, hitting $24.93. The company had a trading volume of 394,543 shares, compared to its average volume of 608,776. First Trust TCW Unconstrained Plus Bond ETF has a one year low of $24.41 and a one year high of $25.63. The company has a fifty day simple moving average of $24.87 and a two-hundred day simple moving average of $25.07.

Institutional Investors Weigh In On First Trust TCW Unconstrained Plus Bond ETF

Institutional investors have recently modified their holdings of the stock. Bleakley Financial Group LLC lifted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 25.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 351,996 shares of the company’s stock valued at $8,866,000 after purchasing an additional 71,434 shares during the last quarter. Cyndeo Wealth Partners LLC raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 4.3% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 773,673 shares of the company’s stock worth $19,473,000 after buying an additional 32,015 shares during the period. Econ Financial Services Corp raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 56.6% in the fourth quarter. Econ Financial Services Corp now owns 174,973 shares of the company’s stock worth $4,404,000 after buying an additional 63,269 shares during the period. Gateway Wealth Partners LLC purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the third quarter worth approximately $5,861,000. Finally, Fifth Third Securities Inc. raised its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 51.6% in the fourth quarter. Fifth Third Securities Inc. now owns 134,939 shares of the company’s stock worth $3,396,000 after buying an additional 45,915 shares during the period.

About First Trust TCW Unconstrained Plus Bond ETF

(Get Free Report)

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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