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

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 181,600 shares, a growth of 212.6% from the September 15th total of 58,100 shares. Based on an average daily volume of 680,500 shares, the days-to-cover ratio is currently 0.3 days.

First Trust TCW Opportunistic Fixed Income ETF Stock Performance

Shares of FIXD stock opened at $44.43 on Friday. The firm has a fifty day moving average of $45.06 and a 200-day moving average of $43.78. 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 firm also recently declared a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.155 dividend. This represents a $1.86 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust TCW Opportunistic Fixed Income ETF’s previous monthly dividend of $0.06.

Institutional Investors Weigh In On First Trust TCW Opportunistic Fixed Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. Accel Wealth Management lifted its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 7.3% during the 1st quarter. Accel Wealth Management now owns 6,357 shares of the company’s stock worth $277,000 after buying an additional 431 shares during the period. Axxcess Wealth Management LLC raised its position in First Trust TCW Opportunistic Fixed Income ETF by 7.9% in the 2nd quarter. Axxcess Wealth Management LLC now owns 571,676 shares of the company’s stock valued at $24,611,000 after purchasing an additional 41,748 shares during the last quarter. Scarborough Advisors LLC bought a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF during the fourth quarter worth $226,000. Moloney Securities Asset Management LLC increased its stake in shares of First Trust TCW Opportunistic Fixed Income ETF by 34.8% in the second quarter. Moloney Securities Asset Management LLC now owns 7,537 shares of the company’s stock valued at $324,000 after buying an additional 1,947 shares in the last quarter. Finally, Cannon Financial Strategists Inc. bought a new position in shares of First Trust TCW Opportunistic Fixed Income ETF in the second quarter valued at about $3,297,000.

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.