First Trust Managed Futures Strategy Fund Price & Performance (FMF)

The First Trust Managed Futures Strategy Fund (FMF) continues to attract attention with technical indicators suggesting strategic trading opportunities. Resistance levels at $46.97 and $46.53 signal potential short positions, while breaks above these points suggest upside targets of $48.36 and $46.97, respectively. Traders are advised to monitor these thresholds closely.12

Short interest in the First Trust Global Tactical Commodity Strategy Fund (FTGC) increased by 166% in February, reaching 640,500 shares. This surge reflects heightened market activity, with the days-to-cover ratio at 1.3. The fund's recent trading range, from $22.22 to $25.97, underscores its appeal among speculative traders.3

Nightview Capital successfully transitioned its private fund into The Nightview Fund, an actively managed equity ETF, under Section 351. Investors faced no tax consequences during the conversion. The ETF launch reflects a growing trend of private funds seeking broader market access through innovative fund structures.4