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

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 38,219 shares, an increase of 76.4% from the May 31st total of 21,671 shares. Based on an average daily trading volume, of 22,950 shares, the short-interest ratio is currently 1.7 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FMF. Sound Income Strategies LLC bought a new stake in First Trust Managed Futures Strategy Fund during the fourth quarter valued at approximately $26,000. Parallel Advisors LLC bought a new stake in shares of First Trust Managed Futures Strategy Fund during the 1st quarter valued at $53,000. Advisory Services Network LLC bought a new position in First Trust Managed Futures Strategy Fund in the 3rd quarter worth $65,000. Ascentis Independent Advisors bought a new position in shares of First Trust Managed Futures Strategy Fund in the first quarter worth about $121,000. Finally, Tucker Asset Management LLC purchased a new position in First Trust Managed Futures Strategy Fund during the fourth quarter valued at approximately $183,000.

First Trust Managed Futures Strategy Fund Price Performance

NYSEARCA:FMF opened at $49.73 on Thursday. First Trust Managed Futures Strategy Fund has a one year low of $45.02 and a one year high of $52.44. The company’s 50-day simple moving average is $51.23 and its 200 day simple moving average is $49.96.

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.