Short Interest in Fidelity Clean Energy ETF (BATS:FRNW) Decreases By 93.6%

Fidelity Clean Energy ETF (BATS:FRNW) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,782 shares, a decline of 93.6% from the June 15th total of 27,826 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 270,350 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Fidelity Clean Energy ETF

A hedge fund recently raised its position in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. raised its position in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 2,145.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,677 shares of the company’s stock after purchasing an additional 9,246 shares during the quarter. Sunbelt Securities Inc. owned 0.59% of Fidelity Clean Energy ETF worth $188,000 at the end of the most recent quarter.

Fidelity Clean Energy ETF Trading Down 0.4%

Fidelity Clean Energy ETF stock traded down $0.10 during mid-day trading on Friday, hitting $23.18. The company had a trading volume of 24,132 shares, compared to its average volume of 97,719. Fidelity Clean Energy ETF has a 12 month low of $16.44 and a 12 month high of $27.97. The company has a market capitalization of $38.25 million, a PE ratio of 21.58 and a beta of 1.12. The stock’s 50 day moving average price is $25.39 and its two-hundred day moving average price is $23.59.

Fidelity Clean Energy ETF Company Profile

The Fidelity Clean Energy ETF (FRNW) is an exchange-traded fund that is based on the Fidelity Clean Energy index, a market-cap-weighted index of global clean energy companies screened for environmental, social, and governance factors. FRNW was launched on Oct 5, 2021 and is managed by Fidelity.