Short Interest in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Expands By 656.4%

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 154,707 shares, an increase of 656.4% from the November 30th total of 20,452 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 360,339 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 360,339 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

First Trust TCW Opportunistic Fixed Income ETF Stock Up 0.2%

Shares of FIXD traded up $0.11 during midday trading on Wednesday, hitting $44.39. 135,742 shares of the company traded hands, compared to its average volume of 540,515. The firm has a 50 day moving average of $44.55 and a 200-day moving average of $44.18. First Trust TCW Opportunistic Fixed Income ETF has a 52 week low of $39.42 and a 52 week high of $45.15.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a dividend of $0.19 per share. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, December 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FIXD. Retirement Planning Group LLC raised its position in First Trust TCW Opportunistic Fixed Income ETF by 17.6% in the 2nd quarter. Retirement Planning Group LLC now owns 55,799 shares of the company’s stock worth $2,449,000 after purchasing an additional 8,334 shares during the period. First Horizon Advisors Inc. grew its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 5.3% during the second quarter. First Horizon Advisors Inc. now owns 92,917 shares of the company’s stock valued at $4,078,000 after buying an additional 4,685 shares during the last quarter. Goldstone Financial Group LLC purchased a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF in the second quarter worth approximately $202,000. Dominguez Wealth Management Solutions Inc. lifted its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 1.8% during the 2nd quarter. Dominguez Wealth Management Solutions Inc. now owns 316,518 shares of the company’s stock worth $13,892,000 after acquiring an additional 5,459 shares during the last quarter. Finally, Focus Financial Network Inc. grew its position in First Trust TCW Opportunistic Fixed Income ETF by 19.2% in the 2nd quarter. Focus Financial Network Inc. now owns 9,408 shares of the company’s stock valued at $413,000 after acquiring an additional 1,515 shares during the last quarter.

First Trust TCW Opportunistic Fixed Income ETF Company Profile

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.