November 24, 2022
  • November 24, 2022
  • Home
  • Financial Service
  • Short-term interest on opportunistic fixed-income ETF TCW First Trust (NASDAQ:FIXD) drops 89.1%

Short-term interest on opportunistic fixed-income ETF TCW First Trust (NASDAQ:FIXD) drops 89.1%

By on June 10, 2022 0

First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD – Get Rating) was the target of a sharp drop in short interest in May. As of May 31, there was short interest totaling 45,000 shares, down 89.1% from the May 15 total of 414,600 shares. Based on an average trading volume of 778,700 shares, the day-to-cover ratio is currently 0.1 day.

Shares of the First Trust TCW Opportunistic Fixed Income ETF were down $0.46 on Friday, hitting $46.53. 6,428 shares of the company were traded, compared to its average volume of 779,997. The company’s 50-day moving average price is $47.72 and its two-hundred-day moving average price is 50, $44. First Trust TCW Opportunistic Fixed Income ETF has a 1-year low of $46.84 and a 1-year high of $54.42.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 31. Investors of record on Wednesday, May 25 received a dividend of $0.08. The ex-dividend date was Tuesday, May 24. This represents a dividend of $0.96 on an annualized basis and a dividend yield of 2.06%. This is a boost from First Trust TCW Fixed Income Opportunistic ETF’s previous $0.08 monthly dividend.

Several institutional investors and hedge funds have recently increased or reduced their stake in the stock. Morgan Stanley increased its position in shares of the First Trust TCW Opportunistic Fixed Income ETF by 9.9% in the third quarter. Morgan Stanley now owns 7,161,789 shares of the company valued at $383,514,000 after buying an additional 643,631 shares last quarter. Advance Capital Management Inc. purchased a new position in First Trust TCW Opportunistic Fixed Income ETF during Q4 for a value of approximately $324,914,000. LPL Financial LLC increased its stake in First Trust TCW Opportunistic Fixed Income ETF by 3.2% in Q4. LPL Financial LLC now owns 5,498,785 shares of the company valued at $292,618,000 after purchasing an additional 169,072 shares in the last quarter. Envestnet Asset Management Inc. increased its position in the First Trust TCW Opportunistic Fixed Income ETF by 7.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,451,738 shares of the company worth $183,684,000 after acquiring an additional 232,169 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in the First Trust TCW Opportunistic Fixed Income ETF by 27.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,377,996 shares of the company worth $117,908,000 after acquiring an additional 514,079 shares in the last quarter.

(A d)

Options can be safer and easier to trade than traditional stocks, but only with the right knowledge!

“Options Trading Made Easy” by expert Chuck Hughes will teach you everything you need to trade safely and earn more, and all for FREE!

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in the TCW First Trust Fixed Income Opportunistic ETF right now?

Before you consider the TCW First Trust Fixed Income Opportunistic ETF, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes over…and the First Trust TCW Opportunistic Fixed Income ETF didn’t make the list.

Although the First Trust TCW Opportunistic Fixed Income ETF currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here