Short Interest in The Future Fund Long/Short ETF (NYSEARCA:FFLS) Grows By 115.5%

The Future Fund Long/Short ETF (NYSEARCA:FFLSGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 15,693 shares, an increase of 115.5% from the August 15th total of 7,281 shares. Based on an average daily trading volume, of 6,954 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.8% of the company’s stock are sold short.

Hedge Funds Weigh In On Future Fund Long/Short ETF

A hedge fund recently raised its stake in Future Fund Long/Short ETF stock. One Capital Management LLC increased its stake in The Future Fund Long/Short ETF (NYSEARCA:FFLSFree Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,296,842 shares of the company’s stock after purchasing an additional 81,147 shares during the period. Future Fund Long/Short ETF accounts for about 0.9% of One Capital Management LLC’s portfolio, making the stock its 23rd largest position. One Capital Management LLC owned about 76.28% of Future Fund Long/Short ETF worth $30,106,000 as of its most recent filing with the Securities & Exchange Commission.

Future Fund Long/Short ETF Stock Performance

NYSEARCA:FFLS traded down $0.05 during mid-day trading on Tuesday, hitting $22.74. 1,510 shares of the company’s stock traded hands, compared to its average volume of 6,105. The company has a fifty day moving average of $23.18 and a 200 day moving average of $22.82. Future Fund Long/Short ETF has a twelve month low of $21.43 and a twelve month high of $26.04. The company has a market capitalization of $42.75 million, a P/E ratio of 26.17 and a beta of 0.52.

Future Fund Long/Short ETF Company Profile

(Get Free Report)

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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