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

First Trust TCW Unconstrained Plus Bond ETF (NYSEARCA:UCON) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 390,958 shares, a decrease of 64.0% from the December 15th total of 1,087,253 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 590,112 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 590,112 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are short sold.

First Trust TCW Unconstrained Plus Bond ETF Trading Up 0.0%

Shares of UCON opened at $25.20 on Tuesday. The stock has a fifty day moving average price of $25.19 and a 200-day moving average price of $25.10. First Trust TCW Unconstrained Plus Bond ETF has a 12 month low of $24.38 and a 12 month high of $25.63.

Institutional Trading of First Trust TCW Unconstrained Plus Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UCON. Ameriprise Financial Inc. lifted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 44.9% during the third quarter. Ameriprise Financial Inc. now owns 3,996,238 shares of the company’s stock worth $100,689,000 after purchasing an additional 1,238,354 shares during the period. Bank of America Corp DE lifted its stake in First Trust TCW Unconstrained Plus Bond ETF by 1.6% during the 3rd quarter. Bank of America Corp DE now owns 3,799,150 shares of the company’s stock valued at $95,693,000 after acquiring an additional 59,713 shares during the period. HighTower Advisors LLC boosted its holdings in shares of First Trust TCW Unconstrained Plus Bond ETF by 3.3% in the 3rd quarter. HighTower Advisors LLC now owns 2,366,022 shares of the company’s stock valued at $59,596,000 after acquiring an additional 75,044 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 15.0% in the third quarter. Raymond James Financial Inc. now owns 2,234,761 shares of the company’s stock worth $56,290,000 after acquiring an additional 290,839 shares during the period. Finally, Truist Financial Corp increased its stake in shares of First Trust TCW Unconstrained Plus Bond ETF by 2.8% in the second quarter. Truist Financial Corp now owns 1,899,046 shares of the company’s stock worth $47,267,000 after acquiring an additional 52,106 shares during the period.

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.