The Future Fund Long/Short ETF (NYSEARCA:FFLS – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 7,980 shares, a growth of 212.1% from the May 31st total of 2,557 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 7,959 shares, the days-to-cover ratio is currently 1.0 days.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in Future Fund Long/Short ETF stock. One Capital Management LLC raised its position in The Future Fund Long/Short ETF (NYSEARCA:FFLS – Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,215,695 shares of the company’s stock after acquiring an additional 45,379 shares during the period. Future Fund Long/Short ETF makes up approximately 1.0% of One Capital Management LLC’s holdings, making the stock its 24th biggest holding. One Capital Management LLC owned 75.04% of Future Fund Long/Short ETF worth $30,879,000 at the end of the most recent quarter.
Future Fund Long/Short ETF Stock Performance
FFLS traded up $0.11 on Friday, hitting $22.88. The company had a trading volume of 2,079 shares, compared to its average volume of 6,281. The stock has a fifty day moving average price of $22.80 and a 200-day moving average price of $22.97. Future Fund Long/Short ETF has a 12-month low of $21.43 and a 12-month high of $26.04. The stock has a market capitalization of $42.10 million, a price-to-earnings ratio of 26.17 and a beta of 0.52.
About Future Fund Long/Short ETF
The Future Fund Long/Short ETF (FFLS) is an exchange-traded fund that mostly invests in long/short alternatives. The fund is actively managed to provide long/short exposure to US-listed stocks that benefit from emerging secular trends driven by technological, social, and environmental changes. The fund aims to pursue capital appreciation. FFLS was launched on Jun 20, 2023 and is managed by The Future Fund.
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