First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Significant Drop in Short Interest

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 47,503 shares, a decrease of 38.1% from the May 31st total of 76,697 shares. Based on an average daily trading volume, of 488,442 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC increased its position in First Trust TCW Unconstrained Plus Bond ETF by 14.2% in the 4th quarter. LPL Financial LLC now owns 12,160,045 shares of the company’s stock worth $306,068,000 after purchasing an additional 1,509,510 shares during the last quarter. Morgan Stanley lifted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 6.6% during the 4th quarter. Morgan Stanley now owns 8,336,565 shares of the company’s stock valued at $209,831,000 after buying an additional 518,585 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 4.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,230,550 shares of the company’s stock valued at $156,823,000 after buying an additional 286,822 shares during the last quarter. Royal Bank of Canada grew its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 5.4% in the 1st quarter. Royal Bank of Canada now owns 4,003,535 shares of the company’s stock valued at $99,168,000 after buying an additional 203,447 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake 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 buying an additional 1,238,354 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Trading Up 0.1%

Shares of First Trust TCW Unconstrained Plus Bond ETF stock traded up $0.02 on Thursday, hitting $24.89. 536,388 shares of the company traded hands, compared to its average volume of 591,807. The company has a 50-day moving average price of $24.88 and a 200 day moving average price of $25.02. First Trust TCW Unconstrained Plus Bond ETF has a 12-month low of $24.41 and a 12-month 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.