First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) Stock Short Interest Falls 58.2%

First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,065 shares, a drop of 58.2% from the October 15th total of 2,548 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 4,011 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Multi-Manager Small Cap Opportunities ETF Stock Down 0.6%

MMSC opened at $26.19 on Friday. First Trust Multi-Manager Small Cap Opportunities ETF has a 52 week low of $22.18 and a 52 week high of $29.62. The business’s 50 day moving average is $26.59 and its two-hundred day moving average is $26.75. The firm has a market cap of $51.07 million, a price-to-earnings ratio of 26.87 and a beta of 1.17.

Hedge Funds Weigh In On First Trust Multi-Manager Small Cap Opportunities ETF

A number of hedge funds have recently modified their holdings of the business. Cetera Investment Advisers raised its position in First Trust Multi-Manager Small Cap Opportunities ETF by 96.5% in the 1st quarter. Cetera Investment Advisers now owns 143,888 shares of the company’s stock valued at $3,411,000 after purchasing an additional 70,651 shares during the last quarter. Advisor Resource Council grew its position in First Trust Multi-Manager Small Cap Opportunities ETF by 49.3% during the 3rd quarter. Advisor Resource Council now owns 52,299 shares of the company’s stock worth $1,429,000 after purchasing an additional 17,274 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in First Trust Multi-Manager Small Cap Opportunities ETF during the 3rd quarter worth $1,753,000. Finally, Arvest Investments Inc. purchased a new position in First Trust Multi-Manager Small Cap Opportunities ETF during the 3rd quarter worth $54,000.

First Trust Multi-Manager Small Cap Opportunities ETF Company Profile

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.