Fidelity Managed Futures ETF (NASDAQ:FFUT) Sees Large Growth in Short Interest

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

Fidelity Managed Futures ETF Trading Up 0.6%

NASDAQ FFUT opened at $61.68 on Friday. Fidelity Managed Futures ETF has a one year low of $50.07 and a one year high of $66.61. The stock has a 50-day moving average of $59.27 and a 200 day moving average of $57.55.

Institutional Trading of Fidelity Managed Futures ETF

A number of institutional investors have recently made changes to their positions in FFUT. Jane Street Group LLC purchased a new position in shares of Fidelity Managed Futures ETF during the second quarter valued at approximately $418,000. Parallel Advisors LLC purchased a new stake in Fidelity Managed Futures ETF in the first quarter worth approximately $116,000. Finally, Maridea Wealth Management LLC purchased a new stake in Fidelity Managed Futures ETF in the first quarter worth approximately $242,000.

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.