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

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 33,745 shares, an increase of 179.8% from the July 30th total of 12,059 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 35,629 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On First Trust Managed Futures Strategy Fund

Several hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC raised its position in shares of First Trust Managed Futures Strategy Fund by 13.2% in the 2nd quarter. CoreCap Advisors LLC now owns 2,169 shares of the company’s stock valued at $109,000 after buying an additional 253 shares in the last quarter. Asset Allocation Strategies LLC increased its stake in First Trust Managed Futures Strategy Fund by 4.8% in the first quarter. Asset Allocation Strategies LLC now owns 5,803 shares of the company’s stock valued at $294,000 after acquiring an additional 268 shares during the last quarter. BlueChip Wealth Advisors LLC increased its stake in First Trust Managed Futures Strategy Fund by 3.3% in the first quarter. BlueChip Wealth Advisors LLC now owns 8,430 shares of the company’s stock valued at $427,000 after acquiring an additional 269 shares during the last quarter. Hilltop Holdings Inc. increased its stake in First Trust Managed Futures Strategy Fund by 2.9% in the third quarter. Hilltop Holdings Inc. now owns 9,855 shares of the company’s stock valued at $480,000 after acquiring an additional 277 shares during the last quarter. Finally, Balboa Wealth Partners raised its position in First Trust Managed Futures Strategy Fund by 3.8% during the first quarter. Balboa Wealth Partners now owns 11,198 shares of the company’s stock valued at $567,000 after purchasing an additional 410 shares in the last quarter.

First Trust Managed Futures Strategy Fund Stock Down 0.1%

Shares of NYSEARCA FMF traded down $0.03 during mid-day trading on Friday, reaching $50.38. The company had a trading volume of 19,790 shares, compared to its average volume of 38,633. The business’s 50-day simple moving average is $50.24 and its 200 day simple moving average is $50.65. First Trust Managed Futures Strategy Fund has a one year low of $46.42 and a one year high of $52.44.

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.