First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) Sees Large Increase in Short Interest

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 177,938 shares, a growth of 274.6% from the June 15th total of 47,503 shares. Based on an average daily trading volume, of 533,655 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust TCW Unconstrained Plus Bond ETF

A number of institutional investors have recently modified their holdings of UCON. Cyndeo Wealth Partners LLC boosted its holdings in First Trust TCW Unconstrained Plus Bond ETF by 4.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 773,673 shares of the company’s stock valued at $19,473,000 after purchasing an additional 32,015 shares during the period. EdgeRock Capital LLC raised its position in shares of First Trust TCW Unconstrained Plus Bond ETF by 15.9% during the first quarter. EdgeRock Capital LLC now owns 790,536 shares of the company’s stock valued at $19,582,000 after buying an additional 108,661 shares during the last quarter. Econ Financial Services Corp lifted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 56.6% in the fourth quarter. Econ Financial Services Corp now owns 174,973 shares of the company’s stock valued at $4,404,000 after buying an additional 63,269 shares during the period. CWM LLC lifted its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 105.7% in the fourth quarter. CWM LLC now owns 365,352 shares of the company’s stock valued at $9,196,000 after buying an additional 187,748 shares during the period. Finally, HBW Advisory Services LLC grew its position in First Trust TCW Unconstrained Plus Bond ETF by 45.0% during the fourth quarter. HBW Advisory Services LLC now owns 396,584 shares of the company’s stock worth $9,982,000 after buying an additional 122,995 shares in the last quarter.

First Trust TCW Unconstrained Plus Bond ETF Stock Performance

Shares of UCON traded down $0.03 during trading hours on Friday, hitting $24.80. 258,051 shares of the company were exchanged, compared to its average volume of 586,407. The firm’s 50 day moving average is $24.88 and its 200-day moving average is $25.00. First Trust TCW Unconstrained Plus Bond ETF has a 52 week low of $24.41 and a 52 week high of $25.63.

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.