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

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

Fidelity Managed Futures ETF Stock Performance

Shares of NASDAQ:FFUT opened at $63.40 on Wednesday. The firm has a fifty day moving average price of $63.70 and a 200 day moving average price of $59.40. Fidelity Managed Futures ETF has a fifty-two week low of $52.47 and a fifty-two week high of $67.17.

Institutional Trading of Fidelity Managed Futures ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFUT. Richards Merrill & Peterson Inc. acquired a new position in shares of Fidelity Managed Futures ETF during the 3rd quarter worth approximately $68,000. Parallel Advisors LLC acquired a new position in Fidelity Managed Futures ETF during the first quarter worth $116,000. Maridea Wealth Management LLC purchased a new stake in Fidelity Managed Futures ETF during the 1st quarter worth approximately $242,000. Worth Asset Management LLC purchased a new position in shares of Fidelity Managed Futures ETF in the 3rd quarter valued at about $611,000. Finally, Farther Finance Advisors LLC acquired a new stake in Fidelity Managed Futures ETF in the third quarter valued at $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.