MMSC Short Volume

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $32.7M, listed on AMEX, carrying a beta of 1.38 to the broader market. The First Trust Multi-Manager Small Cap Opportunities ETF (the "Fund") seeks to provide long-term capital appreciation. public since 2021-10-14.

Short volume measures the number of shares sold short on a given day as reported by FINRA. Tracking short volume relative to total volume helps identify unusual bearish sentiment or short-squeeze potential.

Latest Date
2026-06-01
Short Volume
1.4K
Total Volume
1.8K
Short %
77.86%
30-Day Avg Short %
35.32%

Showing 30 days of FINRA short volume data for First Trust Multi-Manager Small Cap Opportunities ETF.

Learn how short volume is reported and how to read the data →

Frequently asked MMSC short volume questions

What is the daily MMSC short volume?
As of Jun 1, 2026, First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) short volume is 1.4K shares against 1.8K total reported volume, or 77.86% short-side. Short volume measures shares sold short during the day; it is flow, not inventory.
How is MMSC short volume reported?
FINRA publishes the Daily Short Sale Volume File for trades reported to FINRA TRFs and the FINRA/Nasdaq ADF on a T+1 basis. The headline figure is the count of shares that printed at the short-sale or short-exempt tick across all reporting venues for the symbol; each exchange separately publishes its own daily short-sale data file.
What does MMSC short volume tell options traders?
Daily short-sale flow is one input that helps disambiguate dealer-hedging activity from directional bear flow when the chain shows fresh customer call inventory. It is not a clean MM-only proxy: the headline number mixes directional shorting, options-MM delta-hedging, ETF-creation arbitrage, and convertible-arb hedging. Cross-check against gamma-exposure and OI changes for a cleaner read.