Fidelity Managed Futures ETF (NASDAQ:FFUT – Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,791 shares, an increase of 2,931.5% from the June 30th total of 257 shares. Based on an average daily volume of 10,172 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are sold short.
Fidelity Managed Futures ETF Price Performance
NASDAQ:FFUT opened at $61.68 on Friday. The stock has a 50-day simple moving average of $59.27 and a two-hundred day simple moving average of $57.55. Fidelity Managed Futures ETF has a 52-week low of $50.07 and a 52-week high of $66.61.
Institutional Investors Weigh In On Fidelity Managed Futures ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in Fidelity Managed Futures ETF during the second quarter valued at approximately $418,000. Maridea Wealth Management LLC bought a new stake in shares of Fidelity Managed Futures ETF during the 1st quarter valued at $242,000. Finally, Parallel Advisors LLC bought a new position in Fidelity Managed Futures ETF in the 1st quarter worth $116,000.
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.
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