First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Sees Large Decline in Short Interest

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 24,511 shares, a decrease of 76.5% from the June 30th total of 104,124 shares. Based on an average daily trading volume, of 44,123 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Managed Futures Strategy Fund

Several large investors have recently modified their holdings of the business. Sound Income Strategies LLC acquired a new position in shares of First Trust Managed Futures Strategy Fund during the fourth quarter worth $26,000. Parallel Advisors LLC acquired a new stake in First Trust Managed Futures Strategy Fund in the first quarter valued at $53,000. Advisory Services Network LLC bought a new position in First Trust Managed Futures Strategy Fund during the 3rd quarter worth $65,000. CoreCap Advisors LLC raised its position in First Trust Managed Futures Strategy Fund by 13.2% during the 2nd 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 last quarter. Finally, Ascentis Independent Advisors acquired a new position in First Trust Managed Futures Strategy Fund during the 1st quarter worth about $121,000.

First Trust Managed Futures Strategy Fund Stock Up 0.0%

NYSEARCA FMF traded up $0.01 during trading hours on Friday, reaching $50.40. The company’s stock had a trading volume of 20,381 shares, compared to its average volume of 39,377. The firm has a fifty day simple moving average of $50.73 and a 200-day simple moving average of $50.30. First Trust Managed Futures Strategy Fund has a 52 week low of $45.82 and a 52 week high of $52.44.

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.