Short Interest in First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) Rises By 95.3%

First Trust Managed Futures Strategy Fund (NYSEARCA:FMF) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 30,476 shares, a growth of 95.3% from the March 15th total of 15,602 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 31,764 shares, the short-interest ratio is currently 1.0 days.

First Trust Managed Futures Strategy Fund Stock Performance

NYSEARCA:FMF opened at $51.56 on Monday. The company has a fifty day moving average of $50.15 and a two-hundred day moving average of $48.99. First Trust Managed Futures Strategy Fund has a fifty-two week low of $44.08 and a fifty-two week high of $52.44.

Hedge Funds Weigh In On First Trust Managed Futures Strategy Fund

A number of large investors have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC raised its position in First Trust Managed Futures Strategy Fund by 2.8% during the third quarter. Apollon Wealth Management LLC now owns 8,136 shares of the company’s stock worth $396,000 after acquiring an additional 224 shares during the period. Balboa Wealth Partners raised its position in 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. Hilltop Holdings Inc. raised its position in 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 acquiring an additional 277 shares during the period. OneAscent Financial Services LLC raised its position in First Trust Managed Futures Strategy Fund by 8.6% during the third quarter. OneAscent Financial Services LLC now owns 4,979 shares of the company’s stock worth $242,000 after acquiring an additional 396 shares during the period. Finally, Signal Advisors Wealth LLC raised its position in First Trust Managed Futures Strategy Fund by 7.5% during the third quarter. Signal Advisors Wealth LLC now owns 5,872 shares of the company’s stock worth $286,000 after acquiring an additional 412 shares during the period.

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.