First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Sees Significant Decrease in Short Interest

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 144,200 shares, a decrease of 64.7% from the February 28th total of 408,300 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 874,200 shares, the days-to-cover ratio is presently 0.2 days.

First Trust TCW Opportunistic Fixed Income ETF Price Performance

FIXD stock traded up $0.28 during mid-day trading on Friday, hitting $43.75. The stock had a trading volume of 2,991,312 shares, compared to its average volume of 828,215. First Trust TCW Opportunistic Fixed Income ETF has a 52 week low of $39.42 and a 52 week high of $46.80. The firm has a fifty day simple moving average of $43.45 and a 200 day simple moving average of $43.78.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.155 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, March 27th.

Institutional Trading of First Trust TCW Opportunistic Fixed Income ETF

Several institutional investors have recently added to or reduced their stakes in FIXD. Raymond James Financial Inc. acquired a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF in the 4th quarter valued at about $158,285,000. Coppell Advisory Solutions LLC lifted its stake in First Trust TCW Opportunistic Fixed Income ETF by 92.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,992,193 shares of the company’s stock valued at $85,933,000 after acquiring an additional 954,342 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 297,136.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 428,021 shares of the company’s stock worth $18,392,000 after acquiring an additional 427,877 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 32.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,716,682 shares of the company’s stock worth $73,792,000 after acquiring an additional 419,858 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 37.1% in the fourth quarter. Truist Financial Corp now owns 1,326,162 shares of the company’s stock valued at $56,985,000 after purchasing an additional 358,868 shares during the last quarter.

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.