First Trust Managed Futures Strategy Fund (NYSEARCA:FMF – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 38,219 shares, an increase of 76.4% from the May 31st total of 21,671 shares. Based on an average trading volume of 22,950 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Balboa Wealth Partners raised its holdings in shares of First Trust Managed Futures Strategy Fund by 2.3% during the fourth quarter. Balboa Wealth Partners now owns 10,788 shares of the company’s stock worth $508,000 after acquiring an additional 238 shares during the period. Asset Allocation Strategies LLC increased its holdings in First Trust Managed Futures Strategy Fund by 4.8% during 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 in the last quarter. BlueChip Wealth Advisors LLC boosted its position in shares of First Trust Managed Futures Strategy Fund by 3.3% during the first quarter. BlueChip Wealth Advisors LLC now owns 8,430 shares of the company’s stock worth $427,000 after buying an additional 269 shares during the period. Hilltop Holdings Inc. boosted its position in shares of First Trust Managed Futures Strategy Fund by 2.9% during the third quarter. Hilltop Holdings Inc. now owns 9,855 shares of the company’s stock worth $480,000 after buying an additional 277 shares during the period. Finally, Orion Porfolio Solutions LLC grew its holdings in shares of First Trust Managed Futures Strategy Fund by 1.0% during the third quarter. Orion Porfolio Solutions LLC now owns 48,919 shares of the company’s stock worth $2,382,000 after buying an additional 488 shares in the last quarter.
First Trust Managed Futures Strategy Fund Trading Down 1.2%
Shares of FMF stock opened at $49.47 on Friday. First Trust Managed Futures Strategy Fund has a 1 year low of $45.02 and a 1 year high of $52.44. The firm’s 50 day moving average is $51.19 and its 200-day moving average is $49.97.
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.
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