Short Interest in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Decreases By 74.7%

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 76,697 shares, a decline of 74.7% from the May 14th total of 302,670 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 498,203 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UCON. LPL Financial LLC increased its position in First Trust TCW Unconstrained Plus Bond ETF by 14.2% during the 4th quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock valued at $306,068,000 after buying an additional 1,509,510 shares in the last quarter. Trilogy Capital Inc. acquired a new position in First Trust TCW Unconstrained Plus Bond ETF during the 4th quarter valued at about $34,449,000. Ameriprise Financial Inc. increased its position in First Trust TCW Unconstrained Plus Bond ETF by 44.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock valued at $100,689,000 after buying an additional 1,238,354 shares in the last quarter. Arkadios Wealth Advisors increased its position in First Trust TCW Unconstrained Plus Bond ETF by 3,132.6% during the 1st quarter. Arkadios Wealth Advisors now owns 1,062,860 shares of the company’s stock valued at $26,327,000 after buying an additional 1,029,981 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its position in First Trust TCW Unconstrained Plus Bond ETF by 318.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,302,870 shares of the company’s stock valued at $32,793,000 after buying an additional 991,683 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Trading Up 0.4%

Shares of NYSEARCA UCON traded up $0.09 during trading hours on Thursday, hitting $24.92. 843,790 shares of the stock were exchanged, compared to its average volume of 598,821. The firm has a fifty day moving average price of $24.90 and a 200-day moving average price of $25.05. First Trust TCW Unconstrained Plus Bond ETF has a 12 month low of $24.41 and a 12 month high of $25.63.

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.