First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Short Interest Update

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 27,159 shares, a growth of 123.4% from the January 29th total of 12,157 shares. Based on an average daily trading volume, of 26,781 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 26,781 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On First Trust Managed Futures Strategy Fund

Large investors have recently modified their holdings of the business. LPL Financial LLC lifted its stake 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 buying an additional 96,047 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in First Trust Managed Futures Strategy Fund by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 445,495 shares of the company’s stock valued at $21,696,000 after acquiring an additional 23,180 shares during the period. Cetera Investment Advisers lifted its position in shares of First Trust Managed Futures Strategy Fund by 79.9% during the fourth quarter. Cetera Investment Advisers now owns 330,595 shares of the company’s stock worth $15,554,000 after acquiring an additional 146,811 shares in the last quarter. TCP Asset Management LLC boosted its holdings in shares of First Trust Managed Futures Strategy Fund by 11.2% in the fourth quarter. TCP Asset Management LLC now owns 214,569 shares of the company’s stock worth $10,095,000 after acquiring an additional 21,546 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its holdings in shares of First Trust Managed Futures Strategy Fund by 32.0% in the second quarter. Coppell Advisory Solutions LLC now owns 183,998 shares of the company’s stock worth $8,241,000 after acquiring an additional 44,593 shares during the period.

First Trust Managed Futures Strategy Fund Stock Performance

Shares of FMF opened at $50.54 on Friday. First Trust Managed Futures Strategy Fund has a 1 year low of $44.08 and a 1 year high of $52.44. The stock’s fifty day moving average price is $48.40 and its two-hundred day moving average price is $48.38.

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.