Short Interest in First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Drops By 80.9%

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 58,100 shares, a drop of 80.9% from the August 31st total of 304,900 shares. Based on an average daily volume of 706,500 shares, the short-interest ratio is currently 0.1 days.

First Trust TCW Opportunistic Fixed Income ETF Stock Up 0.4 %

NASDAQ FIXD traded up $0.18 on Friday, hitting $45.40. 549,686 shares of the stock were exchanged, compared to its average volume of 727,689. The stock has a fifty day moving average price of $44.84 and a two-hundred day moving average price of $43.70. First Trust TCW Opportunistic Fixed Income ETF has a 52-week low of $40.86 and a 52-week high of $46.80.

First Trust TCW Opportunistic Fixed Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be paid a $0.155 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.86 annualized dividend and a yield of 4.10%. This is an increase from First Trust TCW Opportunistic Fixed Income ETF’s previous monthly dividend of $0.06.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FIXD. Coppell Advisory Solutions Corp. purchased a new position in First Trust TCW Opportunistic Fixed Income ETF in the 1st quarter worth about $62,272,000. Jane Street Group LLC bought a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF during the first quarter valued at approximately $37,365,000. Cetera Investment Advisers boosted its holdings in shares of First Trust TCW Opportunistic Fixed Income ETF by 90.9% in the first quarter. Cetera Investment Advisers now owns 1,606,270 shares of the company’s stock valued at $70,033,000 after purchasing an additional 764,778 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in First Trust TCW Opportunistic Fixed Income ETF by 11.3% in the second quarter. Signature Estate & Investment Advisors LLC now owns 7,530,581 shares of the company’s stock worth $324,192,000 after purchasing an additional 762,655 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new position in First Trust TCW Opportunistic Fixed Income ETF during the 1st quarter worth $19,368,000.

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.