TCW First Trust Opportunistic Fixed Income ETF (NASDAQ: FIXD – Get a rating) was the target of a sharp fall in short-term interest rates in April. As of April 15, there was short interest totaling 6,000 shares, down 47.4% from the March 31 total of 11,400 shares. Based on an average daily volume of 818,900 shares, the short-term interest rate ratio is currently 0.0 day.
First Trust TCW Opportunistic Fixed Income ETF traded down $0.27 during Friday trading hours, hitting $47.57. The company had a trading volume of 352,290 shares, compared to an average volume of 798,413. The First Trust TCW Opportunistic Fixed Income ETF has a 12-month low of $47.44 and a 12-month high of 54, $42. The company has a 50-day moving average price of $49.50 and a 200-day moving average price of $51.63.
The company also recently announced a monthly dividend, which was paid on Friday, April 29. Shareholders of record on Friday, April 22 received a dividend of $0.075 per share. The ex-dividend date was Thursday, April 21. This is a boost from First Trust TCW’s opportunistic fixed income ETF’s previous $0.07 monthly dividend. This represents an annualized dividend of $0.90 and a dividend yield of 1.89%.
Institutional investors and hedge funds have recently been buying and selling shares of the company. MTM Investment Management LLC purchased a new equity position in First Trust’s TCW Fixed Income Opportunistic ETF during the fourth quarter, worth approximately $49,000. During the fourth quarter, Confluence Wealth Services Inc. purchased a new equity position in the opportunistic fixed income ETF TCW First Trust, valued at approximately $70,000. During the fourth quarter, Tyler Stone Wealth Management purchased a new stake in shares of the First Trust TCW Opportunistic Fixed Income ETF worth approximately $80,000. Lloyd Advisory Services LLC. increased its position in the shares of the First Trust TCW Opportunistic Fixed Income ETF by 13.2% during the fourth quarter. Lloyd Advisory Services LLC. now owns 3,417 shares of the company valued at $182,000 after purchasing 398 additional shares last quarter. Finally, Rise Advisors LLC purchased a new stake in shares of First Trust TCW Opportunistic Fixed Income ETF during the fourth quarter at a value of approximately $197,000.
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