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

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 60,077 shares, a decline of 84.0% from the September 15th total of 374,803 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 744,274 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UCON. EdgeRock Capital LLC grew its stake in First Trust TCW Unconstrained Plus Bond ETF by 15.9% in the 1st quarter. EdgeRock Capital LLC now owns 790,536 shares of the company’s stock valued at $19,582,000 after acquiring an additional 108,661 shares during the last quarter. XML Financial LLC increased its holdings in First Trust TCW Unconstrained Plus Bond ETF by 12.6% during the 1st quarter. XML Financial LLC now owns 352,834 shares of the company’s stock valued at $8,740,000 after acquiring an additional 39,601 shares in the last quarter. Gateway Wealth Partners LLC raised its position in First Trust TCW Unconstrained Plus Bond ETF by 121.8% during the first quarter. Gateway Wealth Partners LLC now owns 690,142 shares of the company’s stock worth $17,095,000 after acquiring an additional 379,005 shares during the last quarter. Triumph Capital Management raised its position in First Trust TCW Unconstrained Plus Bond ETF by 25.4% during the second quarter. Triumph Capital Management now owns 241,682 shares of the company’s stock worth $6,013,000 after acquiring an additional 48,998 shares during the last quarter. Finally, Collaborative Wealth Managment Inc. raised its position in First Trust TCW Unconstrained Plus Bond ETF by 150.3% during the first quarter. Collaborative Wealth Managment Inc. now owns 567,904 shares of the company’s stock worth $14,067,000 after acquiring an additional 341,030 shares during the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

UCON remained flat at $23.85 during trading on Friday. The company’s stock had a trading volume of 919,765 shares, compared to its average volume of 601,107. The stock’s 50-day moving average price is $24.37 and its 200 day moving average price is $24.68. First Trust TCW Unconstrained Plus Bond ETF has a one year low of $23.56 and a one year high of $25.63.

First Trust TCW Unconstrained Plus Bond ETF Company Profile

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.