Fidelity Clean Energy ETF (BATS:FRNW) Stock Short Interest Rises 78.0%

Fidelity Clean Energy ETF (BATS:FRNW) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,698 shares, an increase of 78.0% from the September 15th total of 2,078 shares. Based on an average daily volume of 25,154 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Fidelity Clean Energy ETF Stock Performance

FRNW opened at $20.39 on Friday. Fidelity Clean Energy ETF has a one year low of $19.24 and a one year high of $27.97. The stock’s fifty day moving average is $21.91 and its 200-day moving average is $23.53. The company has a market capitalization of $33.64 million, a PE ratio of 21.58 and a beta of 1.12.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FRNW. Brookstone Capital Management bought a new stake in Fidelity Clean Energy ETF in the first quarter worth about $602,000. Citadel Advisors LLC acquired a new stake in Fidelity Clean Energy ETF in the 2nd quarter valued at about $327,000. IFP Advisors Inc acquired a new stake in Fidelity Clean Energy ETF in the 2nd quarter valued at about $62,000. Finally, Sunbelt Securities Inc. lifted its holdings in Fidelity Clean Energy ETF by 3.5% in the 1st quarter. Sunbelt Securities Inc. now owns 11,992 shares of the company’s stock valued at $277,000 after acquiring an additional 411 shares during the last quarter.

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.