First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Sees Large Increase in Short Interest

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 36,673 shares, a growth of 669.1% from the August 15th total of 4,768 shares. Based on an average daily trading volume, of 213,428 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust TCW Opportunistic Fixed Income ETF

Hedge funds have recently modified their holdings of the business. Morgan Stanley increased its holdings in First Trust TCW Opportunistic Fixed Income ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 8,859,149 shares of the company’s stock valued at $392,638,000 after purchasing an additional 208,089 shares during the period. LPL Financial LLC raised its position in First Trust TCW Opportunistic Fixed Income ETF by 9.5% during the 4th quarter. LPL Financial LLC now owns 7,076,780 shares of the company’s stock worth $313,643,000 after purchasing an additional 612,706 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 4.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,930,860 shares of the company’s stock worth $262,856,000 after buying an additional 241,881 shares during the period. Raymond James Financial Inc. lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 6.4% during the 4th quarter. Raymond James Financial Inc. now owns 2,896,834 shares of the company’s stock worth $128,388,000 after buying an additional 174,165 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 105.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,828,195 shares of the company’s stock worth $124,105,000 after buying an additional 1,454,463 shares during the period.

First Trust TCW Opportunistic Fixed Income ETF Trading Down 0.7%

Shares of NASDAQ FIXD opened at $42.30 on Friday. The company has a 50 day simple moving average of $43.00 and a 200 day simple moving average of $43.51. First Trust TCW Opportunistic Fixed Income ETF has a 1 year low of $41.95 and a 1 year high of $45.15.

First Trust TCW Opportunistic Fixed Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a $0.165 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, August 21st.

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.