First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) Short Interest Down 82.9% in May

First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 700 shares, a decrease of 82.9% from the May 15th total of 4,100 shares. Based on an average daily trading volume, of 10,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

First Trust Multi-Manager Small Cap Opportunities ETF Stock Performance

Shares of NYSEARCA MMSC opened at $19.71 on Friday. The firm’s 50 day moving average price is $18.75 and its 200-day moving average price is $19.90. The company has a market cap of $24.64 million, a PE ratio of 27.00 and a beta of 1.15. First Trust Multi-Manager Small Cap Opportunities ETF has a 52-week low of $15.78 and a 52-week high of $22.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC bought a new position in First Trust Multi-Manager Small Cap Opportunities ETF during the fourth quarter valued at approximately $96,000. Truist Financial Corp purchased a new stake in First Trust Multi-Manager Small Cap Opportunities ETF during the fourth quarter valued at approximately $400,000. Envestnet Asset Management Inc. purchased a new stake in First Trust Multi-Manager Small Cap Opportunities ETF during the fourth quarter valued at approximately $466,000. Cetera Investment Advisers increased its stake in shares of First Trust Multi-Manager Small Cap Opportunities ETF by 79.8% in the fourth quarter. Cetera Investment Advisers now owns 25,637 shares of the company’s stock worth $532,000 after purchasing an additional 11,375 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of First Trust Multi-Manager Small Cap Opportunities ETF in the fourth quarter worth $721,000.

First Trust Multi-Manager Small Cap Opportunities ETF Company Profile

The First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed ETF that utilizes a multi-manager approach to provide exposure to small-cap US growth stocks. MMSC was launched on Oct 13, 2021 and is managed by First Trust.