Short Interest in First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Rises By 123.4%

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 27,159 shares, a growth of 123.4% from the January 29th total of 12,157 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,781 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 26,781 shares, the short-interest ratio is presently 1.0 days. Currently, 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Managed Futures Strategy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FMF. Cetera Investment Advisers raised its holdings in shares of First Trust Managed Futures Strategy Fund by 79.9% during the 4th quarter. Cetera Investment Advisers now owns 330,595 shares of the company’s stock valued at $15,554,000 after buying an additional 146,811 shares in the last quarter. GeoWealth Management LLC grew its position in First Trust Managed Futures Strategy Fund by 11.9% during the fourth quarter. GeoWealth Management LLC now owns 21,368 shares of the company’s stock valued at $1,005,000 after acquiring an additional 2,270 shares during the last quarter. Osaic Holdings Inc. grew its position in First Trust Managed Futures Strategy Fund by 4.8% during the fourth quarter. Osaic Holdings Inc. now owns 41,832 shares of the company’s stock valued at $1,968,000 after acquiring an additional 1,909 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Managed Futures Strategy Fund by 211.2% during the fourth quarter. Royal Bank of Canada now owns 7,538 shares of the company’s stock worth $355,000 after acquiring an additional 5,116 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of First Trust Managed Futures Strategy Fund in the 4th quarter worth approximately $343,000.

First Trust Managed Futures Strategy Fund Stock Up 0.3%

NYSEARCA FMF opened at $50.54 on Friday. First Trust Managed Futures Strategy Fund has a 52-week low of $44.08 and a 52-week high of $52.44. The company has a fifty day moving average of $48.40 and a 200-day moving average of $48.38.

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.