Short Interest in Fidelity Managed Futures ETF (NASDAQ:FFUT) Decreases By 77.5%

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,302 shares, a decline of 77.5% from the May 14th total of 14,665 shares. Based on an average daily volume of 15,109 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Fidelity Managed Futures ETF Trading Down 0.4%

Shares of Fidelity Managed Futures ETF stock opened at $59.76 on Wednesday. The firm has a 50-day simple moving average of $58.91 and a two-hundred day simple moving average of $56.32. Fidelity Managed Futures ETF has a fifty-two week low of $50.00 and a fifty-two week high of $61.97.

Hedge Funds Weigh In On Fidelity Managed Futures ETF

A number of hedge funds have recently bought and sold shares of FFUT. Parallel Advisors LLC acquired a new position in shares of Fidelity Managed Futures ETF during the 1st quarter worth approximately $116,000. Maridea Wealth Management LLC acquired a new position in shares of Fidelity Managed Futures ETF during the 1st quarter worth approximately $242,000. Finally, Jane Street Group LLC acquired a new position in shares of Fidelity Managed Futures ETF during the 2nd quarter worth approximately $418,000.

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.