Fidelity Managed Futures ETF (NASDAQ:FFUT) Sees Large Decline in Short Interest

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,720 shares, a drop of 69.4% from the September 30th total of 25,259 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 63,457 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Managed Futures ETF Price Performance

NASDAQ:FFUT traded down $0.49 during trading hours on Friday, hitting $62.85. 19,733 shares of the company traded hands, compared to its average volume of 24,273. The firm has a 50-day moving average of $63.80 and a 200 day moving average of $59.49. Fidelity Managed Futures ETF has a twelve month low of $52.47 and a twelve month high of $67.17.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Richards Merrill & Peterson Inc. acquired a new position in Fidelity Managed Futures ETF in the third quarter valued at about $68,000. Parallel Advisors LLC acquired a new stake in shares of Fidelity Managed Futures ETF during the 1st quarter worth approximately $116,000. Maridea Wealth Management LLC bought a new stake in shares of Fidelity Managed Futures ETF during the 1st quarter valued at $242,000. Worth Asset Management LLC acquired a new position in Fidelity Managed Futures ETF in the third quarter valued at about $611,000. Finally, Farther Finance Advisors LLC acquired a new position in Fidelity Managed Futures ETF during the third quarter valued at approximately $1,902,000.

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.