Short Interest in First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) Declines By 42.2%

First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 2,601 shares, a drop of 42.2% from the July 30th total of 4,501 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 28,925 shares, the short-interest ratio is currently 0.1 days.

First Trust TCW Securitized Plus ETF Stock Performance

NYSEARCA:DEED traded down $0.05 during mid-day trading on Tuesday, reaching $20.99. The stock had a trading volume of 1,828 shares, compared to its average volume of 47,136. The stock has a 50-day simple moving average of $21.23 and a two-hundred day simple moving average of $21.38. First Trust TCW Securitized Plus ETF has a 12 month low of $20.97 and a 12 month high of $22.03.

Institutional Investors Weigh In On First Trust TCW Securitized Plus ETF

A number of large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its holdings in shares of First Trust TCW Securitized Plus ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $63,000 after buying an additional 2,000 shares in the last quarter. LPL Financial LLC boosted its stake in First Trust TCW Securitized Plus ETF by 4.4% in the fourth quarter. LPL Financial LLC now owns 88,383 shares of the company’s stock valued at $1,909,000 after buying an additional 3,728 shares in the last quarter. Milestones Private Investment Advisors LLC boosted its stake in First Trust TCW Securitized Plus ETF by 4.5% in the first quarter. Milestones Private Investment Advisors LLC now owns 97,485 shares of the company’s stock valued at $2,079,000 after buying an additional 4,213 shares in the last quarter. Equitable Holdings Inc. grew its position in First Trust TCW Securitized Plus ETF by 4.3% in the third quarter. Equitable Holdings Inc. now owns 105,363 shares of the company’s stock valued at $2,253,000 after acquiring an additional 4,358 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in First Trust TCW Securitized Plus ETF in the second quarter valued at about $143,000.

About First Trust TCW Securitized Plus ETF

The First Trust TCW Securitized Plus ETF (DEED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund of US securitized debt securities that have broad maturities. DEED was launched on Apr 29, 2020 and is managed by First Trust.