Fidelity Managed Futures ETF (NASDAQ:FFUT) Trading 0.6% Higher – Should You Buy?

Shares of Fidelity Managed Futures ETF (NASDAQ:FFUTGet Free Report) were up 0.6% during trading on Wednesday . The company traded as high as $57.99 and last traded at $57.90. Approximately 23,568 shares traded hands during trading, an increase of 137% from the average session volume of 9,938 shares. The stock had previously closed at $57.55.

Fidelity Managed Futures ETF Stock Up 0.6%

The firm has a fifty day moving average of $59.10 and a 200 day moving average of $56.85.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FFUT. Parallel Advisors LLC acquired a new stake in shares of Fidelity Managed Futures ETF during the 1st quarter worth about $116,000. Maridea Wealth Management LLC purchased a new stake in Fidelity Managed Futures ETF during the first quarter worth approximately $242,000. Finally, Jane Street Group LLC purchased a new stake in shares of Fidelity Managed Futures ETF during the 2nd quarter worth approximately $418,000.

Fidelity Managed Futures ETF Company Profile

(Get Free Report)

The Fidelity Managed Futures ETF (FFUT) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.

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