First Trust Managed Futures Strategy Fund (NYSEARCA:FMF – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 57,101 shares, an increase of 137.1% from the August 31st total of 24,085 shares. Based on an average trading volume of 35,147 shares, the short-interest ratio is currently 1.6 days. Approximately 1.0% of the shares of the stock are sold short.
First Trust Managed Futures Strategy Fund Trading Down 0.3%
NYSEARCA:FMF opened at $51.92 on Tuesday. The stock has a fifty day moving average price of $50.95 and a 200-day moving average price of $50.93. First Trust Managed Futures Strategy Fund has a fifty-two week low of $46.42 and a fifty-two week high of $52.85.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC acquired a new stake in First Trust Managed Futures Strategy Fund during the first quarter worth about $53,000. CoreCap Advisors LLC raised its position in shares of First Trust Managed Futures Strategy Fund by 13.2% in the 2nd quarter. CoreCap Advisors LLC now owns 2,169 shares of the company’s stock valued at $109,000 after buying an additional 253 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of First Trust Managed Futures Strategy Fund during the 1st quarter worth approximately $121,000. D.A. Davidson & CO. bought a new stake in shares of First Trust Managed Futures Strategy Fund during the 1st quarter worth approximately $202,000. Finally, Omnitrust Wealth Management Inc acquired a new stake in shares of First Trust Managed Futures Strategy Fund during the 4th quarter worth approximately $206,000.
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.
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