First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Sees Large Increase in Short Interest

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 12,205 shares, an increase of 54.5% from the December 15th total of 7,902 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 26,824 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 26,824 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Managed Futures Strategy Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of First Trust Managed Futures Strategy Fund in the 3rd quarter worth about $65,000. Silver Oak Securities Incorporated bought a new position in First Trust Managed Futures Strategy Fund in the 4th quarter worth about $184,000. Rossby Financial LCC grew its position in First Trust Managed Futures Strategy Fund by 105.3% in the 3rd quarter. Rossby Financial LCC now owns 4,089 shares of the company’s stock worth $199,000 after purchasing an additional 2,097 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in shares of First Trust Managed Futures Strategy Fund in the third quarter valued at approximately $203,000. Finally, HBW Advisory Services LLC bought a new stake in shares of First Trust Managed Futures Strategy Fund during the third quarter valued at approximately $218,000.

First Trust Managed Futures Strategy Fund Trading Down 0.5%

Shares of First Trust Managed Futures Strategy Fund stock opened at $48.60 on Friday. First Trust Managed Futures Strategy Fund has a twelve month low of $44.08 and a twelve month high of $52.44. The business’s 50 day simple moving average is $48.05 and its 200-day simple moving average is $47.79.

First Trust Managed Futures Strategy Fund Company Profile

The First Trust Managed Futures Strategy Fund (FMF) is an exchange-traded fund that is based on the Morningstar Diversified Futures index. The fund seeks positive returns uncorrelated with major asset classes. The actively managed fund uses futures in commodity (50%), currency (25%) and equity (25%) indexes. FMF was launched on Aug 1, 2013 and is managed by First Trust.