The Future Fund Long/Short ETF (NYSEARCA:FFLS – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,358 shares, a decline of 91.3% from the August 31st total of 15,693 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 6,929 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors 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 increased its stake in shares of The Future Fund Long/Short ETF (NYSEARCA:FFLS – Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 comprises 0.9% of One Capital Management LLC’s holdings, making the stock its 23rd largest position. One Capital Management LLC owned 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 Price Performance
NYSEARCA FFLS traded up $0.23 during trading hours on Thursday, hitting $23.44. 16,586 shares of the company’s stock traded hands, compared to its average volume of 6,197. The company has a market capitalization of $45.47 million, a PE ratio of 26.17 and a beta of 0.52. Future Fund Long/Short ETF has a 52-week low of $21.43 and a 52-week high of $25.60. The firm’s 50-day moving average is $23.19 and its 200-day moving average is $22.86.
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.
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