Short Interest in First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Declines By 50.8%

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 12,059 shares, a decline of 50.8% from the July 15th total of 24,511 shares. Based on an average trading volume of 30,333 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Managed Futures Strategy Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC bought a new stake in shares of First Trust Managed Futures Strategy Fund during the first quarter worth $53,000. Advisory Services Network LLC bought a new position in First Trust Managed Futures Strategy Fund in the third quarter valued at about $65,000. CoreCap Advisors LLC increased its position in First Trust Managed Futures Strategy Fund by 13.2% in the second quarter. CoreCap Advisors LLC now owns 2,169 shares of the company’s stock worth $109,000 after purchasing an additional 253 shares during the period. Ascentis Independent Advisors acquired a new stake in First Trust Managed Futures Strategy Fund in the first quarter worth about $121,000. Finally, Tucker Asset Management LLC bought a new stake in First Trust Managed Futures Strategy Fund during the 4th quarter worth about $183,000.

First Trust Managed Futures Strategy Fund Price Performance

Shares of FMF traded up $0.10 during mid-day trading on Friday, hitting $50.73. 14,407 shares of the company traded hands, compared to its average volume of 39,126. First Trust Managed Futures Strategy Fund has a one year low of $46.42 and a one year high of $52.44. The business has a 50-day moving average of $50.30 and a 200 day moving average of $50.53.

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.