The Future Fund Long/Short ETF (NYSEARCA:FFLS – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 15,693 shares, a growth of 115.5% from the August 15th total of 7,281 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 6,954 shares, the short-interest ratio is presently 2.3 days.
Institutional Trading of Future Fund Long/Short ETF
A hedge fund recently raised its position in Future Fund Long/Short ETF stock. One Capital Management LLC boosted its holdings in The Future Fund Long/Short ETF (NYSEARCA:FFLS – Free Report) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,296,842 shares of the company’s stock after purchasing an additional 81,147 shares during the period. Future Fund Long/Short ETF comprises 0.9% of One Capital Management LLC’s holdings, making the stock its 23rd largest position. One Capital Management LLC owned approximately 76.28% of Future Fund Long/Short ETF worth $30,106,000 as of its most recent SEC filing.
Future Fund Long/Short ETF Price Performance
Shares of NYSEARCA:FFLS traded down $0.15 during midday trading on Monday, hitting $22.85. 485 shares of the company’s stock were exchanged, compared to its average volume of 6,122. Future Fund Long/Short ETF has a 12 month low of $21.43 and a 12 month high of $26.04. The company has a market cap of $42.96 million, a PE ratio of 26.17 and a beta of 0.52. The stock has a 50 day moving average price of $23.20 and a 200-day moving average price of $22.81.
About Future Fund Long/Short ETF
The Future Fund Long/Short ETF (FFLS) is an exchange-traded fund that mostly invests in long/short alternatives. The fund is actively managed to provide long/short exposure to US-listed stocks that benefit from emerging secular trends driven by technological, social, and environmental changes. The fund aims to pursue capital appreciation. FFLS was launched on Jun 20, 2023 and is managed by The Future Fund.
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