First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Sees Significant Growth in Short Interest

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 34,978 shares, an increase of 1,127.7% from the April 15th total of 2,849 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 18,777 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On First Trust Managed Futures Strategy Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC lifted its stake in shares of First Trust Managed Futures Strategy Fund by 23.9% during the fourth quarter. LPL Financial LLC now owns 497,109 shares of the company’s stock worth $23,389,000 after buying an additional 96,047 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Managed Futures Strategy Fund by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 445,495 shares of the company’s stock worth $21,696,000 after buying an additional 23,180 shares during the period. Cetera Investment Advisers lifted its stake in shares of First Trust Managed Futures Strategy Fund by 79.9% during the fourth quarter. Cetera Investment Advisers now owns 330,595 shares of the company’s stock worth $15,554,000 after buying an additional 146,811 shares during the period. TCP Asset Management LLC lifted its position in First Trust Managed Futures Strategy Fund by 11.2% during the fourth quarter. TCP Asset Management LLC now owns 214,569 shares of the company’s stock valued at $10,095,000 after purchasing an additional 21,546 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in First Trust Managed Futures Strategy Fund by 20.7% during the first quarter. Janney Montgomery Scott LLC now owns 208,142 shares of the company’s stock valued at $10,536,000 after purchasing an additional 35,766 shares during the period.

First Trust Managed Futures Strategy Fund Stock Performance

Shares of FMF opened at $51.70 on Tuesday. First Trust Managed Futures Strategy Fund has a twelve month low of $44.08 and a twelve month high of $52.44. The company has a 50 day moving average of $50.90 and a two-hundred day moving average of $49.31.

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.