Fidelity Clean Energy ETF (BATS:FRNW) Short Interest Update

Fidelity Clean Energy ETF (BATS:FRNW) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 2,075 shares, a decrease of 39.9% from the July 15th total of 3,454 shares. Based on an average trading volume of 30,885 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Fidelity Clean Energy ETF Price Performance

Shares of FRNW stock opened at $22.99 on Tuesday. The firm has a 50-day moving average of $23.44 and a 200-day moving average of $23.86. Fidelity Clean Energy ETF has a one year low of $17.37 and a one year high of $27.97. The company has a market cap of $37.93 million, a P/E ratio of 21.58 and a beta of 1.12.

Institutional Investors Weigh In On Fidelity Clean Energy ETF

An institutional investor recently raised its stake in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. grew its position in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,992 shares of the company’s stock after buying an additional 411 shares during the quarter. Sunbelt Securities Inc. owned 0.73% of Fidelity Clean Energy ETF worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

About Fidelity Clean Energy ETF

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.