Fidelity Clean Energy ETF (BATS:FRNW) Sees Significant Decrease in Short Interest

Fidelity Clean Energy ETF (BATS:FRNW) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 1,532 shares, a drop of 63.8% from the August 15th total of 4,227 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 27,759 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Fidelity Clean Energy ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc bought a new stake in shares of Fidelity Clean Energy ETF during the 2nd quarter worth about $62,000. Sunbelt Securities Inc. raised its stake in shares of Fidelity Clean Energy ETF by 2,145.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 9,677 shares of the company’s stock valued at $188,000 after acquiring an additional 9,246 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Fidelity Clean Energy ETF in the 2nd quarter worth approximately $327,000. Finally, Brookstone Capital Management acquired a new stake in Fidelity Clean Energy ETF in the 1st quarter worth approximately $602,000.

Fidelity Clean Energy ETF Trading Up 0.5%

FRNW stock opened at $22.28 on Friday. Fidelity Clean Energy ETF has a 1 year low of $18.25 and a 1 year high of $27.97. The company has a fifty day simple moving average of $22.66 and a 200 day simple moving average of $23.78. The firm has a market cap of $36.76 million, a PE ratio of 21.58 and a beta of 1.12.

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.