First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Short Interest Up 306.4% in July

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 88,524 shares, an increase of 306.4% from the July 15th total of 21,783 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 279,249 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Merkkuri Wealth Advisors LLC acquired a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF in the first quarter valued at approximately $35,000. JPMorgan Chase & Co. grew its position in First Trust TCW Opportunistic Fixed Income ETF by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 1,164 shares of the company’s stock worth $52,000 after buying an additional 265 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in First Trust TCW Opportunistic Fixed Income ETF during the fourth quarter worth approximately $143,000. Bank of Montreal Can bought a new position in First Trust TCW Opportunistic Fixed Income ETF during the 4th quarter worth $154,000. Finally, First Horizon Corp bought a new position in First Trust TCW Opportunistic Fixed Income ETF during the 4th quarter worth $179,000.

First Trust TCW Opportunistic Fixed Income ETF Stock Performance

FIXD stock opened at $42.99 on Friday. First Trust TCW Opportunistic Fixed Income ETF has a 52 week low of $42.51 and a 52 week high of $45.15. The company’s 50-day simple moving average is $43.32 and its 200 day simple moving average is $43.74.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

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.