First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Short Interest Down 76.5% in July

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 24,511 shares, a decline of 76.5% from the June 30th total of 104,124 shares. Based on an average daily trading volume, of 44,123 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Managed Futures Strategy Fund

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its position in shares of First Trust Managed Futures Strategy Fund by 7.1% in the first quarter. Jane Street Group LLC now owns 13,315 shares of the company’s stock valued at $614,000 after purchasing an additional 886 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of First Trust Managed Futures Strategy Fund by 48.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 70,037 shares of the company’s stock worth $3,166,000 after purchasing an additional 22,874 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its stake in First Trust Managed Futures Strategy Fund by 15.0% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 11,427 shares of the company’s stock valued at $517,000 after purchasing an additional 1,493 shares during the period. First Trust Advisors LP boosted its stake in First Trust Managed Futures Strategy Fund by 20.9% during the 3rd quarter. First Trust Advisors LP now owns 115,901 shares of the company’s stock valued at $5,644,000 after purchasing an additional 20,061 shares during the period. Finally, GeoWealth Management LLC grew its holdings in First Trust Managed Futures Strategy Fund by 5.5% in the 3rd quarter. GeoWealth Management LLC now owns 19,098 shares of the company’s stock valued at $930,000 after buying an additional 993 shares during the last quarter.

First Trust Managed Futures Strategy Fund Stock Down 0.1%

NYSEARCA FMF opened at $50.35 on Tuesday. First Trust Managed Futures Strategy Fund has a 1 year low of $45.82 and a 1 year high of $52.44. The company has a fifty day simple moving average of $50.69 and a 200 day simple moving average of $50.33.

About First Trust Managed Futures Strategy Fund

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.