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

Fidelity Clean Energy ETF (BATS:FRNW) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 3,454 shares, an increase of 93.8% from the June 30th total of 1,782 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 65,183 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Fidelity Clean Energy ETF

A hedge fund recently raised its position in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. grew its position in Fidelity Clean Energy ETF (BATS:FRNW) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,992 shares of the company’s stock after purchasing an additional 411 shares during the quarter. Sunbelt Securities Inc. owned approximately 0.73% of Fidelity Clean Energy ETF worth $277,000 as of its most recent SEC filing.

Fidelity Clean Energy ETF Stock Performance

Shares of FRNW stock opened at $22.35 on Friday. The stock’s 50 day simple moving average is $24.44 and its 200 day simple moving average is $23.79. Fidelity Clean Energy ETF has a twelve month low of $16.50 and a twelve month high of $27.97. The company has a market capitalization of $36.88 million, a price-to-earnings 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.