Short Interest in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Expands By 516.5%

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 411,800 shares, a growth of 516.5% from the October 31st total of 66,800 shares. Based on an average trading volume of 860,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Financial Concepts LLC boosted its holdings in First Trust TCW Opportunistic Fixed Income ETF by 10.2% during the second quarter. Strategic Financial Concepts LLC now owns 144,169 shares of the company’s stock worth $62,000 after purchasing an additional 13,402 shares during the last quarter. Signaturefd LLC raised its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 34.4% during the 2nd quarter. Signaturefd LLC now owns 1,500 shares of the company’s stock valued at $65,000 after buying an additional 384 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in First Trust TCW Opportunistic Fixed Income ETF during the third quarter worth about $112,000. Hantz Financial Services Inc. purchased a new stake in First Trust TCW Opportunistic Fixed Income ETF in the second quarter worth approximately $117,000. Finally, Kaydan Wealth Management Inc. bought a new position in shares of First Trust TCW Opportunistic Fixed Income ETF during the 2nd quarter valued at $212,000.

First Trust TCW Opportunistic Fixed Income ETF Stock Up 0.3 %

Shares of NASDAQ:FIXD traded up $0.15 during trading on Wednesday, hitting $43.86. 405,972 shares of the company were exchanged, compared to its average volume of 767,669. First Trust TCW Opportunistic Fixed Income ETF has a 1-year low of $41.90 and a 1-year high of $46.80. The business’s 50 day moving average is $44.24 and its 200-day moving average is $44.04.

First Trust TCW Opportunistic Fixed Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.145 per share. This represents a $1.74 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, November 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.