TCW Flexible Income ETF (NYSE:FLXR) Sees Significant Growth in Short Interest

TCW Flexible Income ETF (NYSE:FLXR) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 261,587 shares, an increase of 76.6% from the August 31st total of 148,084 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 467,467 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On TCW Flexible Income ETF

A number of institutional investors have recently added to or reduced their stakes in FLXR. CoreCap Advisors LLC acquired a new stake in TCW Flexible Income ETF in the second quarter valued at $37,000. IFP Advisors Inc raised its holdings in shares of TCW Flexible Income ETF by 35.6% in the 2nd quarter. IFP Advisors Inc now owns 3,205 shares of the company’s stock valued at $126,000 after purchasing an additional 841 shares during the period. World Investment Advisors acquired a new stake in TCW Flexible Income ETF in the 4th quarter valued at about $273,000. Ameritas Advisory Services LLC acquired a new stake in TCW Flexible Income ETF in the 2nd quarter valued at about $273,000. Finally, Breakwater Capital Group bought a new position in TCW Flexible Income ETF during the second quarter worth about $328,000.

TCW Flexible Income ETF Trading Down 0.5%

Shares of TCW Flexible Income ETF stock traded down $0.18 on Thursday, reaching $37.75. 112,025 shares of the company were exchanged, compared to its average volume of 433,190. TCW Flexible Income ETF has a one year low of $37.65 and a one year high of $39.97. The company has a 50-day moving average of $38.67 and a 200 day moving average of $38.99.

TCW Flexible Income ETF Company Profile

The TCW Flexible Income ETF (FLXR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that seeks to provide consistent income. The fund has the flexibility to invest across a wide spectrum of security type, credit quality and maturity profiles FLXR was launched on Nov 30, 2018 and is issued by TCW.