The Future Fund Long/Short ETF (NYSEARCA:FFLS) Sees Significant Growth in Short Interest

The Future Fund Long/Short ETF (NYSEARCA:FFLS) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 7,980 shares, a growth of 212.1% from the May 31st total of 2,557 shares. Based on an average trading volume of 7,959 shares, the short-interest ratio is presently 1.0 days. Currently, 0.4% of the company’s shares are sold short.

Future Fund Long/Short ETF Stock Performance

Shares of Future Fund Long/Short ETF stock opened at $23.16 on Tuesday. The firm has a fifty day moving average of $22.80 and a two-hundred day moving average of $22.94. The stock has a market capitalization of $42.61 million, a price-to-earnings ratio of 26.17 and a beta of 0.52. Future Fund Long/Short ETF has a 52 week low of $21.43 and a 52 week high of $26.04.

Institutional Investors Weigh In On Future Fund Long/Short ETF

A hedge fund recently raised its stake in Future Fund Long/Short ETF stock. One Capital Management LLC raised its stake in The Future Fund Long/Short ETF (NYSEARCA:FFLS) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,296,842 shares of the company’s stock after buying an additional 81,147 shares during the quarter. Future Fund Long/Short ETF accounts for about 0.9% of One Capital Management LLC’s portfolio, making the stock its 23rd largest position. One Capital Management LLC owned approximately 76.28% of Future Fund Long/Short ETF worth $30,106,000 as of its most recent filing with the Securities and Exchange Commission.

About Future Fund Long/Short ETF

The Future Fund Long/Short ETF (FFLS) is an exchange-traded fund that mostly invests in long/short alternatives. The fund is actively managed to provide long/short exposure to US-listed stocks that benefit from emerging secular trends driven by technological, social, and environmental changes. The fund aims to pursue capital appreciation. FFLS was launched on Jun 20, 2023 and is managed by The Future Fund.