The Future Fund Long/Short ETF (NYSEARCA:FFLS – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 15,433 shares, a growth of 93.4% from the June 15th total of 7,980 shares. Based on an average daily volume of 7,138 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.8% of the shares of the company are short sold.
Hedge Funds Weigh In On Future Fund Long/Short ETF
An institutional investor recently raised its stake in Future Fund Long/Short ETF stock. One Capital Management LLC lifted its position in shares of The Future Fund Long/Short ETF (NYSEARCA:FFLS – Free Report) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,215,695 shares of the company’s stock after purchasing an additional 45,379 shares during the quarter. Future Fund Long/Short ETF accounts for approximately 1.0% of One Capital Management LLC’s portfolio, making the stock its 24th largest holding. One Capital Management LLC owned 75.04% of Future Fund Long/Short ETF worth $30,879,000 at the end of the most recent reporting period.
Future Fund Long/Short ETF Trading Down 1.5%
NYSEARCA FFLS traded down $0.34 on Thursday, hitting $22.71. 17,752 shares of the company’s stock traded hands, compared to its average volume of 6,079. Future Fund Long/Short ETF has a 1-year low of $21.43 and a 1-year high of $26.04. The firm’s 50-day moving average price is $22.95 and its two-hundred day moving average price is $22.83. The firm has a market capitalization of $42.69 million, a PE ratio of 26.17 and a beta of 0.51.
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.
Further Reading
- Five stocks we like better than Future Fund Long/Short ETF
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Future Fund Long/Short ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Future Fund Long/Short ETF and related companies with MarketBeat.com's FREE daily email newsletter.
