Short Interest in Fidelity Managed Futures ETF (NASDAQ:FFUT) Drops By 75.1%

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 6,886 shares, a decline of 75.1% from the August 15th total of 27,651 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 33,435 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Fidelity Managed Futures ETF

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new position in shares of Fidelity Managed Futures ETF during the 1st quarter valued at $116,000. Maridea Wealth Management LLC bought a new stake in Fidelity Managed Futures ETF during the first quarter valued at $242,000. Finally, Jane Street Group LLC purchased a new position in Fidelity Managed Futures ETF during the second quarter worth about $418,000.

Fidelity Managed Futures ETF Stock Performance

Shares of FFUT stock traded down $0.42 during trading on Friday, reaching $64.21. 48,523 shares of the company’s stock traded hands, compared to its average volume of 19,425. The firm’s 50-day moving average is $61.04 and its 200 day moving average is $59.14. Fidelity Managed Futures ETF has a 1 year low of $51.68 and a 1 year 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.