First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Short Interest Update

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 38,219 shares, an increase of 76.4% from the May 31st total of 21,671 shares. Based on an average daily volume of 22,950 shares, the short-interest ratio is presently 1.7 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Managed Futures Strategy Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Balboa Wealth Partners lifted its holdings in First Trust Managed Futures Strategy Fund by 2.3% in the fourth quarter. Balboa Wealth Partners now owns 10,788 shares of the company’s stock worth $508,000 after acquiring an additional 238 shares during the last quarter. Asset Allocation Strategies LLC grew its holdings in shares of First Trust Managed Futures Strategy Fund by 4.8% during 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% during the 1st quarter. BlueChip Wealth Advisors LLC now owns 8,430 shares of the company’s stock worth $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% during the 3rd quarter. Hilltop Holdings Inc. now owns 9,855 shares of the company’s stock worth $480,000 after purchasing an additional 277 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of First Trust Managed Futures Strategy Fund by 1.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 48,919 shares of the company’s stock worth $2,382,000 after purchasing an additional 488 shares during the last quarter.

First Trust Managed Futures Strategy Fund Price Performance

Shares of NYSEARCA:FMF opened at $49.47 on Friday. The company’s fifty day moving average is $51.15 and its two-hundred day moving average is $49.96. First Trust Managed Futures Strategy Fund has a 1-year low of $45.02 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.