Home Fixed interest 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%

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TCW First Trust Opportunistic Fixed Income ETF (NASDAQ: FIXDGet a rating) benefited from a significant drop in short-term interest rates 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 daily volume of 778,700 shares, the short interest ratio is currently 0.1 day.

Shares of NASDAQ: FIXD traded down $0.46 in Friday’s midday session, hitting $46.53. 6,428 shares of the company were traded, against an average volume of 779,997. The First Trust TCW Opportunistic Fixed Income ETF has a 12-month low of $46.84 and a 12-month high of $54.42 . The stock has a 50-day moving average price of $47.72 and a 200-day moving average price of $50.44.

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

Major investors have recently changed their stake in the company. MTM Investment Management LLC bought a new equity position in the First Trust TCW Opportunistic Fixed Income ETF in Q4 for a value of $49,000. Confluence Wealth Services Inc. bought a new equity position in the First Trust TCW Opportunistic Fixed Income ETF during Q4 for $70,000. Tyler Stone Wealth Management bought a new equity position in the First Trust TCW Opportunistic Fixed Income ETF during Q4 for $80,000. PNC Financial Services Group Inc. increased its holdings of First Trust TCW Opportunistic Fixed Income ETF shares by 14.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,734 shares of the company valued at $135,000 after buying 346 additional shares in the last quarter. Finally, Lloyd Advisory Services LLC. increased its holdings of First Trust TCW Opportunistic Fixed Income ETF shares by 13.2% during the 4th quarter. Lloyd Advisory Services LLC. now owns 3,417 shares of the company valued at $182,000 after purchasing an additional 398 shares in the last quarter.

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