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

First Trust TCW Securitized Plus ETF (NYSEARCA:DEEDGet Free Report) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 2,601 shares, a decline of 42.2% from the July 30th total of 4,501 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 28,925 shares, the days-to-cover ratio is presently 0.1 days.

First Trust TCW Securitized Plus ETF Trading Down 0.2%

Shares of First Trust TCW Securitized Plus ETF stock opened at $21.09 on Friday. First Trust TCW Securitized Plus ETF has a 12-month low of $20.97 and a 12-month high of $22.03. The firm’s 50-day moving average price is $21.23 and its two-hundred day moving average price is $21.39.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DEED. Trust Co. of Vermont bought a new stake in First Trust TCW Securitized Plus ETF during the second quarter worth $54,000. Geneos Wealth Management Inc. increased its stake in shares of First Trust TCW Securitized Plus ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $63,000 after purchasing an additional 2,000 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of First Trust TCW Securitized Plus ETF in the 2nd quarter valued at $143,000. Kestra Advisory Services LLC acquired a new position in shares of First Trust TCW Securitized Plus ETF during the 4th quarter worth $146,000. Finally, NI Acquisitions Company LLC acquired a new position in shares of First Trust TCW Securitized Plus ETF during the 2nd quarter worth $227,000.

First Trust TCW Securitized Plus ETF Company Profile

(Get Free Report)

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.

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