Short Interest in First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) Declines By 86.6%

First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,403 shares, a decrease of 86.6% from the May 31st total of 10,483 shares. Based on an average daily volume of 11,428 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

First Trust TCW Securitized Plus ETF Stock Up 0.1%

NYSEARCA:DEED traded up $0.03 on Friday, reaching $21.42. 4,839 shares of the stock traded hands, compared to its average volume of 42,802. First Trust TCW Securitized Plus ETF has a 12 month low of $20.85 and a 12 month high of $22.03. The company’s fifty day simple moving average is $21.34 and its 200 day simple moving average is $21.51.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its holdings in First Trust TCW Securitized Plus ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $63,000 after purchasing an additional 2,000 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of First Trust TCW Securitized Plus ETF during the 2nd quarter valued at $143,000. Kestra Advisory Services LLC purchased a new position in shares of First Trust TCW Securitized Plus ETF in the 4th quarter worth $146,000. Signal Advisors Wealth LLC grew its stake in shares of First Trust TCW Securitized Plus ETF by 73.7% during the 1st quarter. Signal Advisors Wealth LLC now owns 17,765 shares of the company’s stock valued at $379,000 after purchasing an additional 7,538 shares during the period. Finally, GeoWealth Management LLC purchased a new stake in First Trust TCW Securitized Plus ETF during the fourth quarter valued at approximately $780,000.

About First Trust TCW Securitized Plus ETF

The First Trust TCW Securitized Plus ETF (DEED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund of US securitized debt securities that have broad maturities. DEED was launched on Apr 29, 2020 and is managed by First Trust.