First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Short Interest Down 69.4% in January

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 119,459 shares, a decline of 69.4% from the December 31st total of 390,958 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 728,901 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 728,901 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

Several institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in First Trust TCW Unconstrained Plus Bond ETF during the 2nd quarter worth $42,000. Hazlett Burt & Watson Inc. grew its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 166.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,923 shares of the company’s stock valued at $48,000 after acquiring an additional 1,200 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in First Trust TCW Unconstrained Plus Bond ETF during the second quarter worth about $62,000. Chilton Capital Management LLC acquired a new stake in First Trust TCW Unconstrained Plus Bond ETF in the 2nd quarter worth about $82,000. Finally, Creekmur Asset Management LLC boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 365.8% in the 2nd quarter. Creekmur Asset Management LLC now owns 3,987 shares of the company’s stock valued at $99,000 after purchasing an additional 3,131 shares during the period.

First Trust TCW Unconstrained Plus Bond ETF Stock Down 0.0%

First Trust TCW Unconstrained Plus Bond ETF stock traded down $0.01 during trading hours on Wednesday, hitting $25.11. The company had a trading volume of 771,425 shares, compared to its average volume of 693,063. First Trust TCW Unconstrained Plus Bond ETF has a one year low of $24.38 and a one year high of $25.63. The firm has a 50-day moving average of $25.17 and a 200 day moving average of $25.13.

First Trust TCW Unconstrained Plus Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.