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

The Future Fund Long/Short ETF (NYSEARCA:FFLS) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,486 shares, a drop of 77.4% from the June 30th total of 15,433 shares. Based on an average trading volume of 2,622 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.2% 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 position in Future Fund Long/Short ETF stock. One Capital Management LLC grew its position in The Future Fund Long/Short ETF (NYSEARCA:FFLS) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,296,842 shares of the company’s stock after acquiring an additional 81,147 shares during the period. Future Fund Long/Short ETF comprises 0.9% of One Capital Management LLC’s portfolio, making the stock its 23rd largest holding. One Capital Management LLC owned 76.28% of Future Fund Long/Short ETF worth $30,106,000 at the end of the most recent quarter.

Future Fund Long/Short ETF Price Performance

Shares of FFLS stock traded down $0.17 during midday trading on Friday, hitting $22.38. The company had a trading volume of 14,069 shares, compared to its average volume of 6,107. The stock has a market cap of $42.07 million, a price-to-earnings ratio of 26.17 and a beta of 0.51. The company’s 50 day simple moving average is $22.91 and its 200 day simple moving average is $22.80. Future Fund Long/Short ETF has a 52-week low of $21.43 and a 52-week high of $26.04.

Future Fund Long/Short ETF Company Profile

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.