First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Sees Large Increase in Short Interest
by Jessica Moore · The Cerbat GemFirst Trust Managed Futures Strategy Fund (NYSEARCA:FMF – Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 12,205 shares, a growth of 54.5% from the December 15th total of 7,902 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 26,824 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 26,824 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.
First Trust Managed Futures Strategy Fund Trading Down 0.5%
FMF traded down $0.22 during trading on Friday, hitting $48.60. The company’s stock had a trading volume of 14,381 shares, compared to its average volume of 21,426. The firm’s 50 day moving average price is $48.05 and its two-hundred day moving average price is $47.78. First Trust Managed Futures Strategy Fund has a 12 month low of $44.08 and a 12 month high of $52.44.
Institutional Investors Weigh In On First Trust Managed Futures Strategy Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FMF. Advisory Services Network LLC acquired a new stake in shares of First Trust Managed Futures Strategy Fund during the third quarter worth $65,000. Silver Oak Securities Incorporated acquired a new position in First Trust Managed Futures Strategy Fund in the fourth quarter valued at about $184,000. Rossby Financial LCC boosted its holdings in First Trust Managed Futures Strategy Fund by 105.3% during the third quarter. Rossby Financial LCC now owns 4,089 shares of the company’s stock worth $199,000 after buying an additional 2,097 shares during the last quarter. Synergy Investment Management LLC bought a new position in First Trust Managed Futures Strategy Fund during the third quarter worth about $203,000. Finally, HBW Advisory Services LLC acquired a new position in shares of First Trust Managed Futures Strategy Fund during the 3rd quarter worth about $218,000.
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.