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

Fidelity Managed Futures ETF (NASDAQ:FFUT) saw a significant 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 volume of 108,337 shares, the short-interest ratio is presently 0.3 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Managed Futures ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFUT. Parallel Advisors LLC acquired a new position in Fidelity Managed Futures ETF in the first quarter valued at about $116,000. Maridea Wealth Management LLC purchased a new stake in shares of Fidelity Managed Futures ETF in the 1st quarter valued at approximately $242,000. Finally, Jane Street Group LLC purchased a new stake in shares of Fidelity Managed Futures ETF in the 2nd quarter valued at approximately $418,000.

Fidelity Managed Futures ETF Stock Performance

Shares of Fidelity Managed Futures ETF stock traded up $0.08 during mid-day trading on Wednesday, hitting $61.27. The stock had a trading volume of 11,369 shares, compared to its average volume of 18,092. The firm has a 50-day moving average of $59.47 and a two-hundred day moving average of $58.06. Fidelity Managed Futures ETF has a 12-month low of $50.28 and a 12-month high of $66.61.

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.