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

First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 2,548 shares, an increase of 205.9% from the September 30th total of 833 shares. Based on an average daily trading volume, of 8,924 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

First Trust Multi-Manager Small Cap Opportunities ETF Trading Down 2.8%

MMSC stock traded down $0.76 on Friday, hitting $26.45. The company had a trading volume of 3,320 shares, compared to its average volume of 7,760. The stock’s 50-day simple moving average is $27.00 and its 200 day simple moving average is $26.74. The stock has a market cap of $51.58 million, a price-to-earnings ratio of 33.47 and a beta of 1.17. First Trust Multi-Manager Small Cap Opportunities ETF has a 12-month low of $22.18 and a 12-month high of $29.62.

Institutional Trading of First Trust Multi-Manager Small Cap Opportunities ETF

A hedge fund recently raised its position in First Trust Multi-Manager Small Cap Opportunities ETF stock. Cetera Investment Advisers boosted its stake in shares of First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) by 96.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

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.