Short Interest in Fidelity Managed Futures ETF (NASDAQ:FFUT) Grows By 2,931.5%

Fidelity Managed Futures ETF (NASDAQ:FFUT) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,791 shares, an increase of 2,931.5% from the June 30th total of 257 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 10,172 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Fidelity Managed Futures ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC bought a new stake in shares of Fidelity Managed Futures ETF in the 1st quarter valued at about $116,000. Maridea Wealth Management LLC bought a new position in Fidelity Managed Futures ETF during the 1st quarter worth approximately $242,000. Finally, Jane Street Group LLC bought a new position in Fidelity Managed Futures ETF during the 2nd quarter worth approximately $418,000.

Fidelity Managed Futures ETF Stock Up 0.6%

Shares of NASDAQ:FFUT traded up $0.35 during midday trading on Friday, hitting $61.68. The company had a trading volume of 6,809 shares, compared to its average volume of 15,219. Fidelity Managed Futures ETF has a 12 month low of $50.07 and a 12 month high of $66.61. The firm has a fifty day simple moving average of $59.27 and a 200 day simple moving average of $57.55.

About Fidelity Managed Futures ETF

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