Short Interest in First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Decreases By 64.0%

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 390,958 shares, a decrease of 64.0% from the December 15th total of 1,087,253 shares. Based on an average trading volume of 590,112 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 590,112 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock valued at $100,689,000 after acquiring an additional 1,238,354 shares during the last quarter. Bank of America Corp DE lifted its position in First Trust TCW Unconstrained Plus Bond ETF by 1.6% during the third quarter. Bank of America Corp DE now owns 3,799,150 shares of the company’s stock valued at $95,693,000 after purchasing an additional 59,713 shares during the period. HighTower Advisors LLC boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 3.3% in the third quarter. HighTower Advisors LLC now owns 2,366,022 shares of the company’s stock valued at $59,596,000 after purchasing an additional 75,044 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 15.0% in the third quarter. Raymond James Financial Inc. now owns 2,234,761 shares of the company’s stock valued at $56,290,000 after purchasing an additional 290,839 shares during the last quarter. Finally, Truist Financial Corp grew its position in First Trust TCW Unconstrained Plus Bond ETF by 2.8% during the 2nd quarter. Truist Financial Corp now owns 1,899,046 shares of the company’s stock worth $47,267,000 after purchasing an additional 52,106 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Price Performance

NYSEARCA UCON traded up $0.01 on Wednesday, hitting $25.23. The stock had a trading volume of 616,347 shares, compared to its average volume of 747,372. The business’s fifty day moving average price is $25.19 and its 200 day moving average price is $25.10. First Trust TCW Unconstrained Plus Bond ETF has a 52-week low of $24.38 and a 52-week high of $25.63.

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.