First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Stock Short Interest Rises 137.1%

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FMF. Parallel Advisors LLC bought a new stake in shares of First Trust Managed Futures Strategy Fund in the first quarter valued at approximately $53,000. CoreCap Advisors LLC grew its position in First Trust Managed Futures Strategy Fund by 13.2% during the second quarter. CoreCap Advisors LLC now owns 2,169 shares of the company’s stock worth $109,000 after buying an additional 253 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in First Trust Managed Futures Strategy Fund during the 2nd quarter worth $114,000. Ascentis Independent Advisors bought a new position in First Trust Managed Futures Strategy Fund during the 1st quarter worth $121,000. Finally, D.A. Davidson & CO. acquired a new position in First Trust Managed Futures Strategy Fund in the 1st quarter valued at $202,000.

First Trust Managed Futures Strategy Fund Stock Down 0.2%

Shares of FMF traded down $0.12 during midday trading on Monday, reaching $52.06. 15,763 shares of the stock were exchanged, compared to its average volume of 37,637. First Trust Managed Futures Strategy Fund has a twelve month low of $46.42 and a twelve month high of $52.85. The stock’s 50 day simple moving average is $50.95 and its 200 day simple moving average is $50.93.

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.