Short Interest in The Future Fund Long/Short ETF (NYSEARCA:FFLS) Drops By 57.2%

The Future Fund Long/Short ETF (NYSEARCA:FFLS) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,557 shares, a decrease of 57.2% from the May 14th total of 5,981 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 6,626 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Future Fund Long/Short ETF

A hedge fund recently raised its stake in Future Fund Long/Short ETF stock. One Capital Management LLC increased its stake in The Future Fund Long/Short ETF (NYSEARCA:FFLS) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,296,842 shares of the company’s stock after purchasing an additional 81,147 shares during the quarter. Future Fund Long/Short ETF makes up approximately 0.9% of One Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. One Capital Management LLC owned approximately 76.28% of Future Fund Long/Short ETF worth $30,106,000 as of its most recent filing with the SEC.

Future Fund Long/Short ETF Stock Performance

Shares of NYSEARCA FFLS traded down $0.10 during midday trading on Friday, hitting $22.47. 3,432 shares of the stock traded hands, compared to its average volume of 6,189. The firm has a 50-day moving average of $22.71 and a two-hundred day moving average of $23.09. The firm has a market capitalization of $41.34 million, a P/E ratio of 26.17 and a beta of 0.52. Future Fund Long/Short ETF has a one year low of $21.43 and a one year high of $26.04.

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.