First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Shares Shorted: Short Interest Down 68.1% in October

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 15,798 shares, a decrease of 68.1% from the September 30th total of 49,492 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 34,845 shares, the short-interest ratio is presently 0.5 days.

First Trust Managed Futures Strategy Fund Trading Up 0.1%

NYSEARCA:FMF traded up $0.06 during mid-day trading on Friday, hitting $52.18. The stock had a trading volume of 23,175 shares, compared to its average volume of 36,763. First Trust Managed Futures Strategy Fund has a 52 week low of $46.42 and a 52 week high of $54.15. The company has a 50 day simple moving average of $51.79 and a 200-day simple moving average of $50.74.

Institutional Trading of First Trust Managed Futures Strategy Fund

Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers boosted its stake in shares of 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 buying an additional 26,243 shares during the period. Janney Montgomery Scott LLC boosted its position 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 purchasing an additional 35,766 shares during the period. First Trust Advisors LP boosted its position in First Trust Managed Futures Strategy Fund by 30.1% during the first quarter. First Trust Advisors LP now owns 202,365 shares of the company’s stock worth $10,244,000 after purchasing an additional 46,842 shares during the period. Assetmark Inc. raised its position in shares of 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 purchasing an additional 5,280 shares during the period. Finally, RFG Advisory LLC lifted its stake in shares of First Trust Managed Futures Strategy Fund by 42.0% in the second quarter. RFG Advisory LLC now owns 111,309 shares of the company’s stock worth $5,579,000 after buying an additional 32,896 shares during the last quarter.

About First Trust Managed Futures Strategy Fund

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.