First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Significant Decline in Short Interest

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

First Trust TCW Unconstrained Plus Bond ETF Price Performance

Shares of UCON opened at $23.97 on Thursday. The business’s 50-day moving average price is $24.17 and its 200 day moving average price is $24.74. First Trust TCW Unconstrained Plus Bond ETF has a 1-year low of $23.56 and a 1-year high of $25.63.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

Large investors have recently added to or reduced their stakes in the company. MGO One Seven LLC boosted its position in First Trust TCW Unconstrained Plus Bond ETF by 2.4% during the 3rd quarter. MGO One Seven LLC now owns 21,518 shares of the company’s stock worth $511,000 after acquiring an additional 495 shares during the period. Partners Wealth Management LLC acquired a new position in shares of First Trust TCW Unconstrained Plus Bond ETF in the 3rd quarter valued at about $355,000. D.A. Davidson & CO. purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the third quarter worth approximately $5,307,000. VestGen Advisors LLC lifted its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 8.2% in the third quarter. VestGen Advisors LLC now owns 23,444 shares of the company’s stock worth $557,000 after purchasing an additional 1,782 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the third quarter worth approximately $4,742,000.

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.