Fidelity Cloud Computing ETF (BATS:FCLD) Sees Large Drop in Short Interest

Fidelity Cloud Computing ETF (BATS:FCLD) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 573 shares, a drop of 74.0% from the April 15th total of 2,206 shares. Based on an average daily volume of 13,553 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC raised its holdings in Fidelity Cloud Computing ETF by 1.9% in the third quarter. Advisory Services Network LLC now owns 130,699 shares of the company’s stock valued at $3,821,000 after acquiring an additional 2,432 shares in the last quarter. High Point Wealth Management LLC acquired a new stake in Fidelity Cloud Computing ETF in the fourth quarter valued at approximately $1,549,000. Jane Street Group LLC raised its holdings in Fidelity Cloud Computing ETF by 17.2% during the second quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock worth $1,094,000 after purchasing an additional 5,662 shares in the last quarter. Rooted Wealth Advisors Inc. raised its holdings in Fidelity Cloud Computing ETF by 18.5% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 37,286 shares of the company’s stock worth $1,045,000 after purchasing an additional 5,830 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Fidelity Cloud Computing ETF by 9.6% during the fourth quarter. Kestra Advisory Services LLC now owns 21,799 shares of the company’s stock worth $648,000 after purchasing an additional 1,918 shares in the last quarter.

Fidelity Cloud Computing ETF Price Performance

Shares of BATS FCLD traded down $0.34 during midday trading on Wednesday, hitting $34.04. The company’s stock had a trading volume of 7,499 shares, compared to its average volume of 18,250. The business’s fifty day simple moving average is $29.27 and its two-hundred day simple moving average is $29.53. Fidelity Cloud Computing ETF has a 1 year low of $26.01 and a 1 year high of $35.71. The firm has a market capitalization of $110.63 million, a price-to-earnings ratio of 36.27 and a beta of 1.22.

Fidelity Cloud Computing ETF Company Profile

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.