First Trust Managed Futures Strategy Fund (NYSEARCA:FMF – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 15,798 shares, a decrease of 68.1% from the September 30th total of 49,492 shares. Based on an average daily trading volume, of 34,845 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.
First Trust Managed Futures Strategy Fund Price Performance
NYSEARCA:FMF traded down $0.29 on Thursday, reaching $52.12. 17,851 shares of the company’s stock traded hands, compared to its average volume of 36,828. The stock has a 50-day simple moving average of $51.79 and a 200-day simple moving average of $50.74. First Trust Managed Futures Strategy Fund has a 12 month low of $46.42 and a 12 month high of $54.15.
Institutional Trading of First Trust Managed Futures Strategy Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. bought a new position in First Trust Managed Futures Strategy Fund in the 3rd quarter worth approximately $209,000. Simplicity Wealth LLC grew its holdings in First Trust Managed Futures Strategy Fund by 85.2% during the 3rd quarter. Simplicity Wealth LLC now owns 95,968 shares of the company’s stock valued at $5,015,000 after buying an additional 44,157 shares in the last quarter. Center For Asset Management LLC grew its holdings in First Trust Managed Futures Strategy Fund by 3.9% during the 3rd quarter. Center For Asset Management LLC now owns 79,973 shares of the company’s stock valued at $4,179,000 after buying an additional 3,019 shares in the last quarter. Signal Advisors Wealth LLC raised its position in shares of First Trust Managed Futures Strategy Fund by 32.7% during the third quarter. Signal Advisors Wealth LLC now owns 6,272 shares of the company’s stock valued at $328,000 after buying an additional 1,544 shares during the last quarter. Finally, Fermata Advisors LLC raised its position in shares of First Trust Managed Futures Strategy Fund by 4.8% during the third quarter. Fermata Advisors LLC now owns 21,072 shares of the company’s stock valued at $1,101,000 after buying an additional 971 shares during the last quarter.
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.
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