Short Interest in Fidelity Managed Futures ETF (NASDAQ:FFUT) Drops By 40.4%

Fidelity Managed Futures ETF (NASDAQ:FFUT) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 9,456 shares, a decline of 40.4% from the March 15th total of 15,858 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 10,333 shares, the days-to-cover ratio is currently 0.9 days.

Fidelity Managed Futures ETF Trading Up 0.3%

Shares of Fidelity Managed Futures ETF stock traded up $0.19 during midday trading on Wednesday, hitting $58.06. 5,435 shares of the company traded hands, compared to its average volume of 6,346. The firm’s fifty day moving average price is $56.49 and its 200-day moving average price is $54.67. Fidelity Managed Futures ETF has a 12 month low of $50.00 and a 12 month high of $58.83.

Institutional Investors Weigh In On Fidelity Managed Futures ETF

A hedge fund recently bought a new stake in Fidelity Managed Futures ETF stock. Jane Street Group LLC bought a new position in shares of Fidelity Managed Futures ETF (NASDAQ:FFUT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,283 shares of the company’s stock, valued at approximately $418,000. Jane Street Group LLC owned about 0.35% of Fidelity Managed Futures ETF at the end of the most recent reporting period.

About Fidelity Managed Futures ETF

The Fidelity Managed Futures ETF (FFUT) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.