First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Short Interest Down 64.7% in March

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 144,200 shares, a drop of 64.7% from the February 28th total of 408,300 shares. Based on an average daily trading volume, of 874,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust TCW Opportunistic Fixed Income ETF

A number of hedge funds have recently modified their holdings of the company. Kestra Investment Management LLC purchased a new position in shares of First Trust TCW Opportunistic Fixed Income ETF during the 4th quarter valued at $51,000. Icon Wealth Advisors LLC bought a new stake in First Trust TCW Opportunistic Fixed Income ETF during the third quarter valued at about $112,000. SBI Securities Co. Ltd. purchased a new position in shares of First Trust TCW Opportunistic Fixed Income ETF in the fourth quarter valued at about $129,000. Oregon Pacific Wealth Management LLC bought a new position in shares of First Trust TCW Opportunistic Fixed Income ETF in the fourth quarter worth about $201,000. Finally, J.W. Cole Advisors Inc. grew its position in shares of First Trust TCW Opportunistic Fixed Income ETF by 12.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 5,198 shares of the company’s stock worth $223,000 after purchasing an additional 555 shares in the last quarter.

First Trust TCW Opportunistic Fixed Income ETF Stock Up 0.6 %

Shares of FIXD stock traded up $0.28 during trading hours on Friday, reaching $43.75. 2,991,312 shares of the company traded hands, compared to its average volume of 828,469. The firm has a 50-day moving average price of $43.46 and a 200 day moving average price of $43.76. First Trust TCW Opportunistic Fixed Income ETF has a 12-month low of $39.42 and a 12-month high of $46.80.

First Trust TCW Opportunistic Fixed Income ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.155 per share. This represents a $1.86 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Thursday, March 27th.

First Trust TCW Opportunistic Fixed Income ETF Company Profile

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.