Fidelity Cloud Computing ETF (BATS:FCLD) Short Interest Update

Fidelity Cloud Computing ETF (BATS:FCLD) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 21,111 shares, a decrease of 47.1% from the July 15th total of 39,942 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 15,987 shares, the short-interest ratio is currently 1.3 days.

Fidelity Cloud Computing ETF Price Performance

FCLD opened at $44.61 on Monday. The firm’s fifty day simple moving average is $39.08 and its two-hundred day simple moving average is $33.55. Fidelity Cloud Computing ETF has a 52-week low of $26.01 and a 52-week high of $45.22. The company has a market cap of $144.98 million, a price-to-earnings ratio of 36.27 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FCLD. Kestra Advisory Services LLC boosted its holdings in Fidelity Cloud Computing ETF by 9.6% in the 4th quarter. Kestra Advisory Services LLC now owns 21,799 shares of the company’s stock worth $648,000 after buying an additional 1,918 shares during the last quarter. LPL Financial LLC acquired a new position in shares of Fidelity Cloud Computing ETF during the fourth quarter valued at approximately $282,000. Rooted Wealth Advisors Inc. lifted its position in shares of Fidelity Cloud Computing ETF by 18.5% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 37,286 shares of the company’s stock valued at $1,045,000 after acquiring an additional 5,830 shares in the last quarter. High Point Wealth Management LLC purchased a new position in shares of Fidelity Cloud Computing ETF in the fourth quarter valued at approximately $1,549,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Fidelity Cloud Computing ETF in the fourth quarter worth approximately $74,000.

About Fidelity Cloud Computing ETF

The Fidelity Cloud Computing ETF (FCLD) is an exchange-traded fund that is based on the Fidelity Cloud Computing index, a market-cap-weighted index of global companies that provide products and\u002For services enabling increased usage of cloud computing. FCLD was launched on Oct 5, 2021 and is managed by Fidelity.