First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Short Interest Up 1,127.7% in April

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 34,978 shares, an increase of 1,127.7% from the April 15th total of 2,849 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 18,777 shares, the days-to-cover ratio is currently 1.9 days.

First Trust Managed Futures Strategy Fund Price Performance

Shares of First Trust Managed Futures Strategy Fund stock traded down $0.09 on Wednesday, reaching $51.83. The company had a trading volume of 21,579 shares, compared to its average volume of 29,024. The firm’s 50-day moving average price is $50.96 and its two-hundred day moving average price is $49.35. First Trust Managed Futures Strategy Fund has a 1 year low of $44.08 and a 1 year high of $52.44.

Hedge Funds Weigh In On First Trust Managed Futures Strategy Fund

Large investors have recently bought and sold shares of the business. RFG Advisory LLC boosted its holdings in First Trust Managed Futures Strategy Fund by 17.6% during the 4th quarter. RFG Advisory LLC now owns 50,256 shares of the company’s stock valued at $2,365,000 after acquiring an additional 7,528 shares during the period. Benjamin Edwards Inc. boosted its holdings in First Trust Managed Futures Strategy Fund by 39.3% during the 4th quarter. Benjamin Edwards Inc. now owns 116,904 shares of the company’s stock valued at $5,502,000 after acquiring an additional 32,980 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in First Trust Managed Futures Strategy Fund by 139.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 34,306 shares of the company’s stock valued at $1,614,000 after acquiring an additional 20,001 shares during the period. Simplicity Wealth LLC boosted its holdings in First Trust Managed Futures Strategy Fund by 43.0% during the 4th quarter. Simplicity Wealth LLC now owns 26,595 shares of the company’s stock valued at $1,251,000 after acquiring an additional 7,991 shares during the period. Finally, Silver Oak Securities Incorporated purchased a new position in First Trust Managed Futures Strategy Fund during the 4th quarter valued at $184,000.

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.