First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Sees Large Decline in Short Interest

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

First Trust Managed Futures Strategy Fund Price Performance

Shares of FMF traded up $0.01 during mid-day trading on Friday, reaching $50.40. 20,381 shares of the company were exchanged, compared to its average volume of 39,377. The business has a 50 day simple moving average of $50.73 and a two-hundred day simple moving average of $50.30. First Trust Managed Futures Strategy Fund has a 52 week low of $45.82 and a 52 week high of $52.44.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of First Trust Managed Futures Strategy Fund by 23.9% in the 4th quarter. LPL Financial LLC now owns 497,109 shares of the company’s stock worth $23,389,000 after purchasing an additional 96,047 shares during the period. Cetera Investment Advisers raised its stake in First Trust Managed Futures Strategy Fund by 7.9% during the first quarter. Cetera Investment Advisers now owns 356,838 shares of the company’s stock worth $18,063,000 after buying an additional 26,243 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in First Trust Managed Futures Strategy Fund by 20.7% during the first quarter. Janney Montgomery Scott LLC now owns 208,142 shares of the company’s stock worth $10,536,000 after buying an additional 35,766 shares during the last quarter. First Trust Advisors LP lifted its holdings in First Trust Managed Futures Strategy Fund by 30.1% in the first quarter. First Trust Advisors LP now owns 202,365 shares of the company’s stock valued at $10,244,000 after buying an additional 46,842 shares during the period. Finally, Assetmark Inc. lifted its holdings in First Trust Managed Futures Strategy Fund by 2.9% in the first quarter. Assetmark Inc. now owns 187,574 shares of the company’s stock valued at $9,495,000 after buying an additional 5,280 shares during the period.

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.