Short Interest in Fidelity Managed Futures ETF (NASDAQ:FFUT) Declines By 77.5%

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 3,302 shares, a drop of 77.5% from the May 14th total of 14,665 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 15,109 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity Managed Futures ETF Price Performance

FFUT stock remained flat at $59.72 during midday trading on Thursday. The company had a trading volume of 69,818 shares, compared to its average volume of 9,835. Fidelity Managed Futures ETF has a 52-week low of $50.00 and a 52-week high of $62.41. The stock’s 50 day simple moving average is $58.95 and its 200-day simple moving average is $56.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FFUT. Jane Street Group LLC bought a new position in Fidelity Managed Futures ETF in the second quarter worth $418,000. Maridea Wealth Management LLC acquired a new position in Fidelity Managed Futures ETF during the first quarter worth $242,000. Finally, Parallel Advisors LLC acquired a new position in Fidelity Managed Futures ETF during the first quarter worth $116,000.

Fidelity Managed Futures ETF Company Profile

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