Fidelity Managed Futures ETF (NASDAQ:FFUT) Sees Significant Increase in Short Interest

Fidelity Managed Futures ETF (NASDAQ:FFUT) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 36,200 shares, a growth of 364.6% from the July 15th total of 7,791 shares. Based on an average daily trading volume, of 108,337 shares, the short-interest ratio is presently 0.3 days. Approximately 0.7% of the company’s stock are sold short.

Fidelity Managed Futures ETF Stock Performance

Shares of NASDAQ:FFUT traded up $0.08 during trading on Wednesday, hitting $61.27. The company’s stock had a trading volume of 11,369 shares, compared to its average volume of 18,092. Fidelity Managed Futures ETF has a fifty-two week low of $50.28 and a fifty-two week high of $66.61. The business has a 50 day moving average price of $59.47 and a two-hundred day moving average price of $58.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in Fidelity Managed Futures ETF in the 2nd quarter valued at about $418,000. Maridea Wealth Management LLC acquired a new position in shares of Fidelity Managed Futures ETF during the first quarter worth about $242,000. Finally, Parallel Advisors LLC acquired a new position in shares of Fidelity Managed Futures ETF during the first quarter worth about $116,000.

Fidelity Managed Futures ETF Company Profile

The Fidelity Managed Futures ETF (FFUT) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.