First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Sees Large Increase in Short Interest

by · The Markets Daily

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 104,124 shares, an increase of 172.4% from the June 15th total of 38,219 shares. Based on an average daily trading volume, of 168,864 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.1% of the company’s stock are sold short.

First Trust Managed Futures Strategy Fund Stock Performance

Shares of NYSEARCA:FMF traded down $0.19 during mid-day trading on Wednesday, hitting $50.18. 16,874 shares of the company traded hands, compared to its average volume of 40,189. The firm’s 50 day simple moving average is $50.95 and its 200 day simple moving average is $50.14. First Trust Managed Futures Strategy Fund has a 52-week low of $45.02 and a 52-week high of $52.44.

Institutional Trading of First Trust Managed Futures Strategy Fund

A number of hedge funds have recently made changes to their positions in FMF. Fermata Advisors LLC lifted its position in shares of First Trust Managed Futures Strategy Fund by 4.5% during the second quarter. Fermata Advisors LLC now owns 20,101 shares of the company’s stock worth $1,007,000 after purchasing an additional 860 shares in the last quarter. CoreCap Advisors LLC grew its holdings in First Trust Managed Futures Strategy Fund by 13.2% during the 2nd quarter. CoreCap Advisors LLC now owns 2,169 shares of the company’s stock valued at $109,000 after purchasing an additional 253 shares in the last quarter. Parallel Advisors LLC purchased a new stake in First Trust Managed Futures Strategy Fund during the 1st quarter worth $53,000. Gateway Wealth Partners LLC increased its stake in First Trust Managed Futures Strategy Fund by 119.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 84,933 shares of the company’s stock worth $4,299,000 after buying an additional 46,213 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in 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 buying an additional 26,243 shares in the last quarter.

First Trust Managed Futures Strategy Fund Company Profile

(Get Free Report)

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.

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