Short Interest in Fidelity Managed Futures ETF (NASDAQ:FFUT) Grows By 364.6%

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 36,200 shares, a growth of 364.6% from the July 15th total of 7,791 shares. Based on an average daily volume of 108,337 shares, the short-interest ratio is currently 0.3 days. Currently, 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity Managed Futures ETF

A number of institutional investors have recently modified their holdings of the business. Parallel Advisors LLC acquired a new position in Fidelity Managed Futures ETF in the first quarter valued at $116,000. Maridea Wealth Management LLC purchased a new position in shares of Fidelity Managed Futures ETF during the first quarter worth about $242,000. Finally, Jane Street Group LLC purchased a new position in shares of Fidelity Managed Futures ETF during the second quarter worth about $418,000.

Fidelity Managed Futures ETF Trading Down 0.2%

NASDAQ:FFUT traded down $0.14 during mid-day trading on Friday, reaching $60.78. 11,282 shares of the stock were exchanged, compared to its average volume of 18,074. Fidelity Managed Futures ETF has a 1 year low of $50.58 and a 1 year high of $66.61. The company has a 50 day simple moving average of $59.51 and a 200-day simple moving average of $58.14.

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.