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

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 14,665 shares, an increase of 107.2% from the April 30th total of 7,076 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 7,374 shares, the days-to-cover ratio is currently 2.0 days.

Fidelity Managed Futures ETF Price Performance

Shares of NASDAQ FFUT opened at $59.32 on Monday. Fidelity Managed Futures ETF has a 12 month low of $50.00 and a 12 month high of $61.71. The stock has a 50-day moving average price of $58.51 and a two-hundred day moving average price of $56.01.

Institutional Inflows and Outflows

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

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.