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

Fidelity Cloud Computing ETF (BATS:FCLD) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 13,879 shares, a growth of 309.5% from the May 14th total of 3,389 shares. Based on an average daily volume of 21,874 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are sold short.

Fidelity Cloud Computing ETF Stock Down 1.5%

BATS FCLD opened at $36.40 on Thursday. Fidelity Cloud Computing ETF has a twelve month low of $26.01 and a twelve month high of $41.71. The firm has a market capitalization of $118.30 million, a PE ratio of 36.27 and a beta of 1.22. The stock’s 50 day moving average is $33.03 and its 200 day moving average is $30.45.

Institutional Investors Weigh In On Fidelity Cloud Computing ETF

Several hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC boosted its position in shares of Fidelity Cloud Computing ETF by 1.9% during the third quarter. Advisory Services Network LLC now owns 130,699 shares of the company’s stock valued at $3,821,000 after purchasing an additional 2,432 shares in the last quarter. High Point Wealth Management LLC bought a new stake in shares of Fidelity Cloud Computing ETF during the fourth quarter valued at approximately $1,549,000. Jane Street Group LLC boosted its position in shares of 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 valued at $1,094,000 after purchasing an additional 5,662 shares in the last quarter. Rooted Wealth Advisors Inc. boosted its position in shares of 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 valued at $1,045,000 after purchasing an additional 5,830 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in shares of 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 valued at $648,000 after purchasing an additional 1,918 shares in the last quarter.

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.