Short Interest in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Decreases By 93.2%

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 9,033 shares, a drop of 93.2% from the May 31st total of 131,873 shares. Based on an average daily trading volume, of 412,227 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of First Trust TCW Opportunistic Fixed Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Merkkuri Wealth Advisors LLC bought a new position in shares of First Trust TCW Opportunistic Fixed Income ETF in the first quarter worth approximately $35,000. JPMorgan Chase & Co. boosted its position in First Trust TCW Opportunistic Fixed Income ETF by 29.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,164 shares of the company’s stock valued at $52,000 after buying an additional 265 shares during the period. IFC & Insurance Marketing Inc. purchased a new stake in First Trust TCW Opportunistic Fixed Income ETF during the 4th quarter valued at $143,000. Bank of Montreal Can bought a new stake in First Trust TCW Opportunistic Fixed Income ETF in the 4th quarter worth $154,000. Finally, First Horizon Corp bought a new stake in First Trust TCW Opportunistic Fixed Income ETF in the 4th quarter worth $179,000.

First Trust TCW Opportunistic Fixed Income ETF Stock Up 0.1%

Shares of FIXD traded up $0.04 during trading hours on Friday, hitting $43.74. The company had a trading volume of 623,779 shares, compared to its average volume of 413,380. First Trust TCW Opportunistic Fixed Income ETF has a 52-week low of $42.51 and a 52-week high of $45.15. The stock’s 50 day moving average price is $43.62 and its 200 day moving average price is $44.02.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.165 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, June 25th.

About First Trust TCW Opportunistic Fixed Income ETF

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.