Short Interest in First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Decreases By 50.8%

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 12,059 shares, a drop of 50.8% from the July 15th total of 24,511 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 30,333 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of First Trust Managed Futures Strategy Fund

A number of hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC increased its holdings in shares of 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 acquiring an additional 253 shares during the last quarter. Asset Allocation Strategies LLC increased its holdings in shares of First Trust Managed Futures Strategy Fund by 4.8% in the first quarter. Asset Allocation Strategies LLC now owns 5,803 shares of the company’s stock valued at $294,000 after purchasing an additional 268 shares during the last quarter. BlueChip Wealth Advisors LLC raised its position in shares of First Trust Managed Futures Strategy Fund by 3.3% in the first quarter. BlueChip Wealth Advisors LLC now owns 8,430 shares of the company’s stock valued at $427,000 after purchasing an additional 269 shares during the period. Hilltop Holdings Inc. raised its position in shares of First Trust Managed Futures Strategy Fund by 2.9% in the third quarter. Hilltop Holdings Inc. now owns 9,855 shares of the company’s stock valued at $480,000 after purchasing an additional 277 shares during the period. Finally, Balboa Wealth Partners boosted its holdings in shares of First Trust Managed Futures Strategy Fund by 3.8% during the 1st quarter. Balboa Wealth Partners now owns 11,198 shares of the company’s stock worth $567,000 after buying an additional 410 shares during the period.

First Trust Managed Futures Strategy Fund Stock Down 0.2%

Shares of First Trust Managed Futures Strategy Fund stock traded down $0.08 during trading on Tuesday, hitting $50.84. 3,439 shares of the stock were exchanged, compared to its average volume of 38,754. The company has a fifty day moving average price of $50.29 and a 200-day moving average price of $50.55. First Trust Managed Futures Strategy Fund has a 1-year low of $46.42 and a 1-year 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.