First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) Sees Large Drop in Short Interest

First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,063 shares, a decline of 85.3% from the August 31st total of 7,222 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,705 shares, the short-interest ratio is presently 0.2 days.

First Trust Multi-Manager Small Cap Opportunities ETF Stock Down 0.1%

Shares of MMSC stock traded down $0.02 on Friday, reaching $26.93. The stock had a trading volume of 4,528 shares, compared to its average volume of 8,005. First Trust Multi-Manager Small Cap Opportunities ETF has a 12 month low of $22.18 and a 12 month high of $29.62. The firm has a market capitalization of $52.51 million, a price-to-earnings ratio of 33.47 and a beta of 1.17. The firm’s 50-day moving average is $27.83 and its two-hundred day moving average is $27.14.

Institutional Trading of First Trust Multi-Manager Small Cap Opportunities ETF

A hedge fund recently raised its stake in First Trust Multi-Manager Small Cap Opportunities ETF stock. Cetera Investment Advisers grew its holdings in First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) by 96.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,888 shares of the company’s stock after buying an additional 70,651 shares during the period. Cetera Investment Advisers owned 7.99% of First Trust Multi-Manager Small Cap Opportunities ETF worth $3,411,000 at the end of the most recent quarter.

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.