UCON Stock Summary and Trading Ideas (First Trust Tcw Unconstrained Plus Bond ETF | ARCA:UCON)

The investment objective of the First Trust TCW Unconstrained Plus Bond ETF (the "Fund") is to seek to maximize long-term total return. Under normal market conditions, the Fund intends to invest at least 80% of its net assets (including investment borrowings) in a portfolio of fixed income securities. The Funds investment sub-advisor, TCW Investment Management Company LLC ("TCW" or the "Sub-Advisor"), will manage the Funds portfolio in an "unconstrained" manner, meaning that its investment universe is not limited to the securities of any particular index and it has discretion to invest in fixed income securities of any type or credit quality, including up to 70% in high yield (or "junk") securities, up to 60% in emerging market securities and up to 50% in securities denominated in foreign currencies. Additionally, under normal market conditions, the Funds average portfolio duration will vary from between 0 to 10 years. Duration is a measure of the expected price volatility of a fixed income security as a result of changes in market rates of interest.

First Trust Tcw Unconstrained Plus Bond ETF trades on the ARCA stock market under the symbol UCON.

As of April 24, 2024, UCON stock price declined to $24.18 with 282,047 million shares trading.

UCON has a beta of 0.20, meaning it tends to be less sensitive to market movements. UCON has a correlation of 0.29 to the broad based SPY ETF.

UCON has a market cap of $2.25 billion. This is considered a Mid Cap stock.

In the last 3 years, UCON stock traded as high as $26.91 and as low as $23.43.

UCON has underperformed the market in the last year with a return of +4.2%, while the SPY ETF gained +24.2%. In the last 3 month period, UCON fell short of the market, returning -0.3%, while SPY returned +4.6%. However, in the most recent 2 weeks UCON has outperformed the stock market by returning -0.9%, while SPY returned -2.7%.

UCON support price is $24.16 and resistance is $24.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UCON stock will trade within this expected range on the day.