First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Short Interest Up 268.2% in April

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCONGet Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 74,096 shares, a growth of 268.2% from the March 31st total of 20,125 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 468,147 shares, the days-to-cover ratio is currently 0.2 days.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

UCON stock traded up $0.01 during midday trading on Friday, reaching $24.93. 636,610 shares of the company’s stock traded hands, compared to its average volume of 608,504. The firm’s fifty day moving average price is $25.01 and its 200-day moving average price is $25.13. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $24.41 and a 52 week high of $25.63.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of UCON. Parallel Advisors LLC bought a new stake in First Trust TCW Unconstrained Plus Bond ETF during the 4th quarter valued at $36,000. Hazlett Burt & Watson Inc. boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 166.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,923 shares of the company’s stock worth $48,000 after acquiring an additional 1,200 shares during the last quarter. TD Capital Management LLC purchased a new position in First Trust TCW Unconstrained Plus Bond ETF during the 4th quarter worth $48,000. International Assets Investment Management LLC purchased a new position in First Trust TCW Unconstrained Plus Bond ETF during the 4th quarter worth $57,000. Finally, Hilton Head Capital Partners LLC purchased a new position in First Trust TCW Unconstrained Plus Bond ETF during the 4th quarter worth $102,000.

About First Trust TCW Unconstrained Plus Bond ETF

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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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