First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) Sees Significant Increase in Short Interest

First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 6,300 shares, an increase of 61.5% from the September 15th total of 3,900 shares. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Multi-Manager Large Growth ETF Stock Up 1.1%

Shares of First Trust Multi-Manager Large Growth ETF stock opened at $36.16 on Friday. The firm has a market cap of $92.21 million, a P/E ratio of 43.22 and a beta of 1.16. First Trust Multi-Manager Large Growth ETF has a fifty-two week low of $22.92 and a fifty-two week high of $36.83. The business has a 50-day moving average price of $35.66 and a 200 day moving average price of $32.85.

Institutional Trading of First Trust Multi-Manager Large Growth ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aurora Private Wealth Inc. bought a new stake in First Trust Multi-Manager Large Growth ETF in the second quarter valued at about $327,000. Centric Wealth Management increased its holdings in First Trust Multi-Manager Large Growth ETF by 17.1% in the first quarter. Centric Wealth Management now owns 17,551 shares of the company’s stock valued at $479,000 after buying an additional 2,559 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in First Trust Multi-Manager Large Growth ETF by 10.3% in the first quarter. Goldman Sachs Group Inc. now owns 23,145 shares of the company’s stock valued at $632,000 after buying an additional 2,152 shares during the last quarter. Gateway Wealth Partners LLC increased its holdings in First Trust Multi-Manager Large Growth ETF by 27.6% in the first quarter. Gateway Wealth Partners LLC now owns 24,646 shares of the company’s stock valued at $673,000 after buying an additional 5,333 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in First Trust Multi-Manager Large Growth ETF by 14.8% in the first quarter. Kestra Private Wealth Services LLC now owns 25,399 shares of the company’s stock valued at $694,000 after buying an additional 3,276 shares during the last quarter.

First Trust Multi-Manager Large Growth ETF Company Profile

The First Trust Multi-Manager Large Growth ETF (MMLG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is actively managed to invest in US large cap growth stocks. Stock selections are made by two portfolio managers. MMLG was launched on Jul 21, 2020 and is managed by First Trust.