The Future Fund Long/Short ETF (NYSEARCA:FFLS) Shares Shorted: Short Interest Up 296.2% in October

The Future Fund Long/Short ETF (NYSEARCA:FFLS) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 13,130 shares, a growth of 296.2% from the September 30th total of 3,314 shares. Based on an average trading volume of 4,474 shares, the days-to-cover ratio is presently 2.9 days. Currently, 0.7% of the company’s stock are sold short.

Future Fund Long/Short ETF Stock Performance

Shares of NYSEARCA:FFLS traded down $0.18 during midday trading on Friday, hitting $23.12. 6,695 shares of the stock were exchanged, compared to its average volume of 6,132. The business’s fifty day simple moving average is $23.22 and its two-hundred day simple moving average is $22.94. Future Fund Long/Short ETF has a 52-week low of $21.43 and a 52-week high of $25.29. The company has a market capitalization of $44.85 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.