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

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 57,101 shares, a growth of 137.1% from the August 31st total of 24,085 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 35,147 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Cetera Investment Advisers increased its stake in shares of First Trust Managed Futures Strategy Fund by 7.9% in the first quarter. Cetera Investment Advisers now owns 356,838 shares of the company’s stock worth $18,063,000 after buying an additional 26,243 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new position in First Trust Managed Futures Strategy Fund during the 2nd quarter worth $114,000. Janney Montgomery Scott LLC increased 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 increased its position in shares of First Trust Managed Futures Strategy Fund by 30.1% in the 1st 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 last quarter. Finally, Assetmark Inc. raised its stake in shares of First Trust Managed Futures Strategy Fund by 2.9% in the 1st quarter. Assetmark Inc. now owns 187,574 shares of the company’s stock valued at $9,495,000 after purchasing an additional 5,280 shares in the last quarter.

First Trust Managed Futures Strategy Fund Stock Performance

Shares of First Trust Managed Futures Strategy Fund stock traded down $0.24 during trading hours on Friday, reaching $52.18. The stock had a trading volume of 27,944 shares, compared to its average volume of 37,756. The firm has a 50 day simple moving average of $50.92 and a two-hundred day simple moving average of $50.91. First Trust Managed Futures Strategy Fund has a 1 year low of $46.42 and a 1 year high of $52.85.

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.