Short Interest in Fidelity Managed Futures ETF (NASDAQ:FFUT) Drops By 89.1%

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 257 shares, a decrease of 89.1% from the June 15th total of 2,368 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,214 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Fidelity Managed Futures ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FFUT. Jane Street Group LLC acquired a new position in Fidelity Managed Futures ETF in the 2nd quarter valued at approximately $418,000. Maridea Wealth Management LLC bought a new stake in shares of Fidelity Managed Futures ETF in the 1st quarter worth approximately $242,000. Finally, Parallel Advisors LLC bought a new stake in shares of Fidelity Managed Futures ETF during the first quarter valued at approximately $116,000.

Fidelity Managed Futures ETF Stock Performance

NASDAQ FFUT traded up $0.06 during midday trading on Friday, hitting $58.91. The company had a trading volume of 4,178 shares, compared to its average volume of 9,883. The firm has a fifty day simple moving average of $59.04 and a two-hundred day simple moving average of $57.03. Fidelity Managed Futures ETF has a fifty-two week low of $50.07 and a fifty-two week high of $62.41.

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.