Short Interest in First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Increases By 95.3%

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 30,476 shares, an increase of 95.3% from the March 15th total of 15,602 shares. Based on an average daily volume of 31,764 shares, the short-interest ratio is currently 1.0 days. Approximately 0.6% of the shares of the stock are sold short.

First Trust Managed Futures Strategy Fund Stock Down 0.4%

FMF traded down $0.20 during trading on Tuesday, hitting $51.09. 14,100 shares of the stock traded hands, compared to its average volume of 24,620. First Trust Managed Futures Strategy Fund has a twelve month low of $44.08 and a twelve month high of $52.44. The business has a 50 day moving average price of $50.25 and a 200 day moving average price of $49.03.

Institutional Trading of First Trust Managed Futures Strategy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FMF. Sound Income Strategies LLC bought a new stake in shares of First Trust Managed Futures Strategy Fund in the fourth quarter worth $26,000. Advisory Services Network LLC bought a new stake in First Trust Managed Futures Strategy Fund during the third quarter valued at $65,000. Tucker Asset Management LLC bought a new stake in First Trust Managed Futures Strategy Fund during the fourth quarter valued at $183,000. Silver Oak Securities Incorporated bought a new stake in First Trust Managed Futures Strategy Fund during the fourth quarter valued at $184,000. Finally, Rossby Financial LCC boosted its position in First Trust Managed Futures Strategy Fund by 105.3% during the third quarter. Rossby Financial LCC now owns 4,089 shares of the company’s stock valued at $199,000 after acquiring an additional 2,097 shares during the last quarter.

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.