First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Short Interest Up 172.4% in June

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 104,124 shares, an increase of 172.4% from the June 15th total of 38,219 shares. Based on an average daily volume of 168,864 shares, the short-interest ratio is currently 0.6 days. Approximately 2.1% of the shares of the stock are sold short.

First Trust Managed Futures Strategy Fund Stock Performance

NYSEARCA FMF opened at $50.38 on Tuesday. The business has a fifty day moving average price of $50.97 and a two-hundred day moving average price of $50.11. First Trust Managed Futures Strategy Fund has a fifty-two week low of $45.02 and a fifty-two week high of $52.44.

Institutional Trading of First Trust Managed Futures Strategy Fund

Several institutional investors and hedge funds have recently modified their holdings of FMF. LPL Financial LLC boosted its stake in First Trust Managed Futures Strategy Fund by 23.9% in the fourth quarter. LPL Financial LLC now owns 497,109 shares of the company’s stock valued at $23,389,000 after buying an additional 96,047 shares in the last quarter. Cetera Investment Advisers raised its stake in First Trust Managed Futures Strategy Fund by 7.9% during the first quarter. Cetera Investment Advisers now owns 356,838 shares of the company’s stock worth $18,063,000 after acquiring an additional 26,243 shares in the last quarter. TCP Asset Management LLC lifted its holdings in shares of First Trust Managed Futures Strategy Fund by 11.2% in the fourth quarter. TCP Asset Management LLC now owns 214,569 shares of the company’s stock worth $10,095,000 after acquiring an additional 21,546 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Managed Futures Strategy Fund by 20.7% in the first quarter. Janney Montgomery Scott LLC now owns 208,142 shares of the company’s stock worth $10,536,000 after acquiring an additional 35,766 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of First Trust Managed Futures Strategy Fund by 30.1% in the first quarter. First Trust Advisors LP now owns 202,365 shares of the company’s stock worth $10,244,000 after acquiring an additional 46,842 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.