First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Short Interest Up 814.5% in December

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,087,253 shares, a growth of 814.5% from the November 30th total of 118,895 shares. Based on an average trading volume of 666,742 shares, the short-interest ratio is currently 1.6 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 666,742 shares, the short-interest ratio is currently 1.6 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new stake in shares of First Trust TCW Unconstrained Plus Bond ETF in the 1st quarter valued at $1,139,000. B. Riley Wealth Advisors Inc. purchased a new stake in First Trust TCW Unconstrained Plus Bond ETF during the second quarter valued at about $803,000. Geneos Wealth Management Inc. grew its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 153.1% during the second quarter. Geneos Wealth Management Inc. now owns 663,387 shares of the company’s stock valued at $16,512,000 after buying an additional 401,248 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 2.9% in the second quarter. Avantax Advisory Services Inc. now owns 239,994 shares of the company’s stock worth $5,973,000 after buying an additional 6,854 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 40.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 395,267 shares of the company’s stock valued at $9,838,000 after acquiring an additional 113,666 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Trading Up 0.2%

Shares of UCON traded up $0.05 during midday trading on Thursday, hitting $25.18. 366,819 shares of the company traded hands, compared to its average volume of 775,432. The stock has a 50-day moving average of $25.21 and a 200-day moving average of $25.06. First Trust TCW Unconstrained Plus Bond ETF has a one year low of $24.38 and a one year 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.