The Future Fund Long/Short ETF (NYSEARCA:FFLS) Short Interest Up 115.5% in August
by Tristan Rich · The Markets DailyThe Future Fund Long/Short ETF (NYSEARCA:FFLS – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 15,693 shares, a growth of 115.5% from the August 15th total of 7,281 shares. Based on an average daily trading volume, of 6,954 shares, the short-interest ratio is currently 2.3 days. Approximately 0.8% of the shares of the company are sold short.
Future Fund Long/Short ETF Stock Performance
FFLS stock opened at $22.74 on Wednesday. Future Fund Long/Short ETF has a 1 year low of $21.43 and a 1 year high of $26.04. The stock has a market capitalization of $42.75 million, a price-to-earnings ratio of 26.17 and a beta of 0.52. The stock’s fifty day moving average is $23.17 and its two-hundred day moving average is $22.82.
Hedge Funds Weigh In On Future Fund Long/Short ETF
An institutional investor recently raised its position in Future Fund Long/Short ETF stock. One Capital Management LLC boosted its holdings in The Future Fund Long/Short ETF (NYSEARCA:FFLS – Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,296,842 shares of the company’s stock after acquiring an additional 81,147 shares during the quarter. Future Fund Long/Short ETF accounts for 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 SEC filing.
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.