Fidelity Managed Futures ETF (NASDAQ:FFUT) Stock Short Interest Climbs 179.0%

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 19,214 shares, a growth of 179.0% from the August 31st total of 6,886 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 24,976 shares, the days-to-cover ratio is currently 0.8 days.

Fidelity Managed Futures ETF Price Performance

NASDAQ FFUT traded down $0.34 on Friday, hitting $65.25. 177,565 shares of the company were exchanged, compared to its average volume of 21,004. Fidelity Managed Futures ETF has a twelve month low of $51.68 and a twelve month high of $66.61. The company’s 50 day moving average price is $62.17 and its 200-day moving average price is $59.77.

Institutional Investors Weigh In On Fidelity Managed Futures ETF

A hedge fund recently bought a new position in Fidelity Managed Futures ETF stock. Parallel Advisors LLC purchased a new stake in Fidelity Managed Futures ETF (NASDAQ:FFUT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,022 shares of the company’s stock, valued at approximately $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.