Short Interest in First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Declines By 50.8%

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 12,059 shares, a drop of 50.8% from the July 15th total of 24,511 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 30,333 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of First Trust Managed Futures Strategy Fund

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of First Trust Managed Futures Strategy Fund by 23.9% during the 4th quarter. LPL Financial LLC now owns 497,109 shares of the company’s stock valued at $23,389,000 after acquiring an additional 96,047 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Managed Futures Strategy Fund by 7.9% in the 1st quarter. Cetera Investment Advisers now owns 356,838 shares of the company’s stock worth $18,063,000 after purchasing an additional 26,243 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of First Trust Managed Futures Strategy Fund by 20.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 208,142 shares of the company’s stock worth $10,536,000 after purchasing an additional 35,766 shares during the last quarter. First Trust Advisors LP grew its stake in shares of First Trust Managed Futures Strategy Fund by 30.1% during the first quarter. First Trust Advisors LP now owns 202,365 shares of the company’s stock worth $10,244,000 after purchasing an additional 46,842 shares during the period. Finally, Assetmark Inc. grew its stake in shares of First Trust Managed Futures Strategy Fund by 2.9% during the first quarter. Assetmark Inc. now owns 187,574 shares of the company’s stock worth $9,495,000 after purchasing an additional 5,280 shares during the period.

First Trust Managed Futures Strategy Fund Trading Up 0.2%

Shares of FMF traded up $0.10 on Friday, reaching $50.73. 14,407 shares of the company’s stock were exchanged, compared to its average volume of 39,126. The business has a 50 day moving average price of $50.30 and a two-hundred day moving average price of $50.53. First Trust Managed Futures Strategy Fund has a 12 month low of $46.42 and a 12 month high of $52.44.

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.