First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Stock Short Interest Declines 68.1%

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 15,798 shares, a drop of 68.1% from the September 30th total of 49,492 shares. Based on an average daily trading volume, of 34,845 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

First Trust Managed Futures Strategy Fund Price Performance

Shares of NYSEARCA:FMF traded up $0.06 during trading on Friday, hitting $52.18. 23,175 shares of the stock were exchanged, compared to its average volume of 36,763. First Trust Managed Futures Strategy Fund has a 1-year low of $46.42 and a 1-year high of $54.15. The company’s fifty day simple moving average is $51.82 and its 200-day simple moving average is $50.76.

Institutional Investors Weigh In On First Trust Managed Futures Strategy Fund

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

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.