Short Interest in First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Decreases By 50.8%

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 12,059 shares, a decline of 50.8% from the July 15th total of 24,511 shares. Based on an average trading volume of 30,333 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Managed Futures Strategy Fund

Several institutional investors and hedge funds have recently made changes to their positions in FMF. CoreCap Advisors LLC boosted its stake in First Trust Managed Futures Strategy Fund by 13.2% during the 2nd quarter. CoreCap Advisors LLC now owns 2,169 shares of the company’s stock valued at $109,000 after purchasing an additional 253 shares during the period. Asset Allocation Strategies LLC grew its position in First Trust Managed Futures Strategy Fund by 4.8% in the 1st quarter. Asset Allocation Strategies LLC now owns 5,803 shares of the company’s stock worth $294,000 after purchasing an additional 268 shares during the last quarter. BlueChip Wealth Advisors LLC increased its stake in shares of First Trust Managed Futures Strategy Fund by 3.3% in the first quarter. BlueChip Wealth Advisors LLC now owns 8,430 shares of the company’s stock valued at $427,000 after purchasing an additional 269 shares during the period. Hilltop Holdings Inc. increased its stake in shares of First Trust Managed Futures Strategy Fund by 2.9% in the third quarter. Hilltop Holdings Inc. now owns 9,855 shares of the company’s stock valued at $480,000 after purchasing an additional 277 shares during the period. Finally, Balboa Wealth Partners raised its holdings in shares of First Trust Managed Futures Strategy Fund by 3.8% during the first quarter. Balboa Wealth Partners now owns 11,198 shares of the company’s stock valued at $567,000 after buying an additional 410 shares during the last quarter.

First Trust Managed Futures Strategy Fund Trading Up 0.4%

FMF traded up $0.19 on Monday, reaching $50.92. The company’s stock had a trading volume of 17,462 shares, compared to its average volume of 38,987. First Trust Managed Futures Strategy Fund has a 1 year low of $46.42 and a 1 year high of $52.44. The business’s 50 day moving average is $50.30 and its 200 day moving average is $50.53.

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.