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

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the target of a significant decline in short interest during 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 days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Fidelity Managed Futures ETF Trading Down 0.4%

Fidelity Managed Futures ETF stock traded down $0.21 during mid-day trading on Friday, hitting $59.51. 25,627 shares of the company traded hands, compared to its average volume of 9,976. The stock has a fifty day moving average price of $59.04 and a 200-day moving average price of $56.44. Fidelity Managed Futures ETF has a one year low of $50.00 and a one year high of $62.41.

Hedge Funds Weigh In On Fidelity Managed Futures ETF

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of Fidelity Managed Futures ETF during the 2nd quarter valued at about $418,000. Parallel Advisors LLC bought a new position in Fidelity Managed Futures ETF during the first quarter valued at approximately $116,000. Finally, Maridea Wealth Management LLC bought a new position in Fidelity Managed Futures ETF during the first quarter valued at approximately $242,000.

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.