Short Interest in Fidelity Managed Futures ETF (NASDAQ:FFUT) Drops By 89.1%

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 257 shares, a decrease of 89.1% from the June 15th total of 2,368 shares. Based on an average trading volume of 7,214 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Fidelity Managed Futures ETF Price Performance

FFUT traded up $0.06 during trading on Friday, reaching $58.91. 4,178 shares of the stock traded hands, compared to its average volume of 9,883. The stock’s 50-day simple moving average is $59.04 and its two-hundred day simple moving average is $57.03. Fidelity Managed Futures ETF has a fifty-two week low of $50.07 and a fifty-two week high of $62.41.

Institutional Investors Weigh In On Fidelity Managed Futures ETF

Several institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC bought a new stake in shares of Fidelity Managed Futures ETF in the 1st quarter valued at approximately $116,000. Maridea Wealth Management LLC bought a new position in Fidelity Managed Futures ETF during the first quarter valued at approximately $242,000. Finally, Jane Street Group LLC acquired a new stake in Fidelity Managed Futures ETF in the second quarter valued at approximately $418,000.

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.