First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) Shares Shorted: Short Interest Up 205.9% in October

First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 2,548 shares, an increase of 205.9% from the September 30th total of 833 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 8,924 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Multi-Manager Small Cap Opportunities ETF Stock Performance

NYSEARCA MMSC opened at $26.89 on Thursday. First Trust Multi-Manager Small Cap Opportunities ETF has a twelve month low of $22.18 and a twelve month high of $29.62. The stock has a market cap of $52.43 million, a price-to-earnings ratio of 33.47 and a beta of 1.17. The firm’s 50 day moving average price is $27.03 and its two-hundred day moving average price is $26.73.

Institutional Trading of First Trust Multi-Manager Small Cap Opportunities ETF

A hedge fund recently raised its stake in First Trust Multi-Manager Small Cap Opportunities ETF stock. Cetera Investment Advisers raised its holdings in First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC – Free Report) by 96.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,888 shares of the company’s stock after acquiring an additional 70,651 shares during the quarter. Cetera Investment Advisers owned about 7.99% of First Trust Multi-Manager Small Cap Opportunities ETF worth $3,411,000 at the end of the most recent quarter.

About First Trust Multi-Manager Small Cap Opportunities ETF

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The First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed ETF that utilizes a multi-manager approach to provide exposure to small-cap US growth stocks. MMSC was launched on Oct 13, 2021 and is managed by First Trust.

Further Reading

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