First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) Shares Shorted: Short Interest Down 58.2% in October

First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,065 shares, a drop of 58.2% from the October 15th total of 2,548 shares. Based on an average daily trading volume, of 4,011 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Resource Council increased its stake in First Trust Multi-Manager Small Cap Opportunities ETF by 49.3% in the 3rd quarter. Advisor Resource Council now owns 52,299 shares of the company’s stock valued at $1,429,000 after buying an additional 17,274 shares during the period. Commonwealth Equity Services LLC purchased a new position in First Trust Multi-Manager Small Cap Opportunities ETF during the 3rd quarter worth $1,753,000. Arvest Investments Inc. acquired a new stake in shares of First Trust Multi-Manager Small Cap Opportunities ETF in the 3rd quarter worth $54,000. Finally, Cetera Investment Advisers lifted its stake in shares of First Trust Multi-Manager Small Cap Opportunities ETF by 96.5% in the 1st quarter. Cetera Investment Advisers now owns 143,888 shares of the company’s stock worth $3,411,000 after acquiring an additional 70,651 shares during the period.

First Trust Multi-Manager Small Cap Opportunities ETF Stock Down 0.6%

Shares of MMSC stock opened at $26.19 on Friday. The stock has a market capitalization of $51.07 million, a PE ratio of 26.87 and a beta of 1.17. First Trust Multi-Manager Small Cap Opportunities ETF has a 52-week low of $22.18 and a 52-week high of $29.62. The stock’s 50-day moving average price is $26.59 and its 200 day moving average price is $26.75.

First Trust Multi-Manager Small Cap Opportunities ETF Company Profile

The First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed ETF that utilizes a multi-manager approach to provide exposure to small-cap US growth stocks. MMSC was launched on Oct 13, 2021 and is managed by First Trust.