First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) Sees Large Decline in Short Interest

First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,063 shares, a decrease of 85.3% from the August 31st total of 7,222 shares. Based on an average trading volume of 4,705 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Multi-Manager Small Cap Opportunities ETF

An institutional investor recently raised its stake in First Trust Multi-Manager Small Cap Opportunities ETF stock. Cetera Investment Advisers lifted its stake in First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) by 96.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,888 shares of the company’s stock after purchasing an additional 70,651 shares during the period. Cetera Investment Advisers owned approximately 7.99% of First Trust Multi-Manager Small Cap Opportunities ETF worth $3,411,000 as of its most recent SEC filing.

First Trust Multi-Manager Small Cap Opportunities ETF Stock Performance

NYSEARCA:MMSC traded down $0.02 during trading hours on Friday, hitting $26.93. The company’s stock had a trading volume of 4,528 shares, compared to its average volume of 8,005. The business’s 50-day moving average is $27.83 and its two-hundred day moving average is $27.14. The company has a market capitalization of $52.51 million, a PE ratio of 33.47 and a beta of 1.17. First Trust Multi-Manager Small Cap Opportunities ETF has a 52-week low of $22.18 and a 52-week high of $29.62.

About First Trust Multi-Manager Small Cap Opportunities ETF

The First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed ETF that utilizes a multi-manager approach to provide exposure to small-cap US growth stocks. MMSC was launched on Oct 13, 2021 and is managed by First Trust.