First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Short Interest Up 54.5% in December

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the recipient of a significant growth in short interest in the month of 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. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 26,824 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 26,824 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

First Trust Managed Futures Strategy Fund Price Performance

Shares of First Trust Managed Futures Strategy Fund stock traded down $0.22 on Friday, reaching $48.60. The stock had a trading volume of 14,381 shares, compared to its average volume of 21,426. The business’s 50-day moving average price is $48.05 and its two-hundred day moving average price is $47.79. First Trust Managed Futures Strategy Fund has a fifty-two week low of $44.08 and a fifty-two week high of $52.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FMF. Envestnet Asset Management Inc. increased its stake in shares of First Trust Managed Futures Strategy Fund by 5.5% in the third quarter. Envestnet Asset Management Inc. now owns 445,495 shares of the company’s stock worth $21,696,000 after purchasing an additional 23,180 shares during the period. TCP Asset Management LLC grew its holdings in First Trust Managed Futures Strategy Fund by 11.2% in the 4th quarter. TCP Asset Management LLC now owns 214,569 shares of the company’s stock valued at $10,095,000 after buying an additional 21,546 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in First Trust Managed Futures Strategy Fund by 32.0% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 183,998 shares of the company’s stock valued at $8,241,000 after buying an additional 44,593 shares during the last quarter. Janney Montgomery Scott LLC increased its position in First Trust Managed Futures Strategy Fund by 389.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 118,949 shares of the company’s stock worth $5,378,000 after buying an additional 94,640 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of First Trust Managed Futures Strategy Fund by 20.9% during the third quarter. First Trust Advisors LP now owns 115,901 shares of the company’s stock worth $5,644,000 after buying an additional 20,061 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.