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

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the recipient of a large increase in short interest during the month of 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. Based on an average daily volume of 7,374 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Fidelity Managed Futures ETF

Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new stake in Fidelity Managed Futures ETF in the 1st quarter worth about $116,000. Maridea Wealth Management LLC bought a new stake in shares of Fidelity Managed Futures ETF during the 1st quarter valued at about $242,000. Finally, Jane Street Group LLC bought a new stake in shares of Fidelity Managed Futures ETF during the 2nd quarter valued at about $418,000.

Fidelity Managed Futures ETF Price Performance

Shares of Fidelity Managed Futures ETF stock opened at $59.32 on Monday. Fidelity Managed Futures ETF has a 1 year low of $50.00 and a 1 year high of $61.71. The stock has a fifty day moving average price of $58.51 and a 200-day moving average price of $56.01.

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.