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

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 57,101 shares, an increase of 137.1% from the August 31st total of 24,085 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 35,147 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On First Trust Managed Futures Strategy Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMF. Integrated Wealth Concepts LLC bought a new position in shares of First Trust Managed Futures Strategy Fund in the second quarter valued at approximately $267,000. RFG Advisory LLC boosted its stake in First Trust Managed Futures Strategy Fund by 42.0% during the 2nd quarter. RFG Advisory LLC now owns 111,309 shares of the company’s stock valued at $5,579,000 after purchasing an additional 32,896 shares in the last quarter. IFP Advisors Inc increased its position in shares of First Trust Managed Futures Strategy Fund by 4.7% during the 2nd quarter. IFP Advisors Inc now owns 62,877 shares of the company’s stock valued at $3,151,000 after purchasing an additional 2,801 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Managed Futures Strategy Fund in the 2nd quarter worth $736,000. Finally, Asset Allocation Strategies LLC lifted its holdings in shares of First Trust Managed Futures Strategy Fund by 18.7% in the second quarter. Asset Allocation Strategies LLC now owns 6,891 shares of the company’s stock valued at $345,000 after buying an additional 1,088 shares during the period.

First Trust Managed Futures Strategy Fund Price Performance

FMF traded down $0.24 on Friday, hitting $52.18. 27,944 shares of the company’s stock were exchanged, compared to its average volume of 37,756. The stock has a fifty day moving average of $50.92 and a two-hundred day moving average of $50.91. First Trust Managed Futures Strategy Fund has a twelve month low of $46.42 and a twelve month high of $52.85.

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.