First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Short Interest Down 76.5% in July

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

First Trust Managed Futures Strategy Fund Trading Down 0.1%

Shares of FMF traded down $0.05 during midday trading on Monday, reaching $50.35. 21,134 shares of the company were exchanged, compared to its average volume of 39,247. First Trust Managed Futures Strategy Fund has a 1-year low of $45.82 and a 1-year high of $52.44. The stock has a 50-day moving average price of $50.73 and a 200-day moving average price of $50.32.

Institutional Investors Weigh In On First Trust Managed Futures Strategy Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fermata Advisors LLC boosted its position in First Trust Managed Futures Strategy Fund by 4.5% in the 2nd quarter. Fermata Advisors LLC now owns 20,101 shares of the company’s stock valued at $1,007,000 after buying an additional 860 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of First Trust Managed Futures Strategy Fund by 13.2% in the second quarter. CoreCap Advisors LLC now owns 2,169 shares of the company’s stock worth $109,000 after acquiring an additional 253 shares in the last quarter. Parallel Advisors LLC purchased a new position in First Trust Managed Futures Strategy Fund in the first quarter valued at about $53,000. Gateway Wealth Partners LLC grew its stake in First Trust Managed Futures Strategy Fund by 119.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 84,933 shares of the company’s stock valued at $4,299,000 after purchasing an additional 46,213 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in First Trust Managed Futures Strategy Fund by 7.9% during the 1st quarter. Cetera Investment Advisers now owns 356,838 shares of the company’s stock valued at $18,063,000 after purchasing an additional 26,243 shares in the last quarter.

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.