Short Interest in The Future Fund Long/Short ETF (NYSEARCA:FFLS) Increases By 93.4%

The Future Fund Long/Short ETF (NYSEARCA:FFLS) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 15,433 shares, a growth of 93.4% from the June 15th total of 7,980 shares. Based on an average daily trading volume, of 7,138 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.8% of the company’s shares are short sold.

Future Fund Long/Short ETF Trading Down 1.5%

Shares of NYSEARCA FFLS traded down $0.34 on Thursday, reaching $22.71. 17,752 shares of the company traded hands, compared to its average volume of 6,079. Future Fund Long/Short ETF has a fifty-two week low of $21.43 and a fifty-two week high of $26.04. The company has a 50 day moving average of $22.95 and a 200 day moving average of $22.83. The stock has a market capitalization of $42.69 million, a PE ratio of 26.17 and a beta of 0.51.

Hedge Funds Weigh In On Future Fund Long/Short ETF

An institutional investor recently raised its stake in Future Fund Long/Short ETF stock. One Capital Management LLC grew its holdings in shares of The Future Fund Long/Short ETF (NYSEARCA:FFLS) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,296,842 shares of the company’s stock after buying an additional 81,147 shares during the quarter. Future Fund Long/Short ETF accounts for 0.9% of One Capital Management LLC’s portfolio, making the stock its 23rd largest position. One Capital Management LLC owned about 76.28% of Future Fund Long/Short ETF worth $30,106,000 as of its most recent SEC filing.

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.