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

Fidelity Cloud Computing ETF (BATS:FCLD) was the target of a significant growth in short interest during the month of 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. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 21,874 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its stake in 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 buying an additional 2,432 shares during the last quarter. High Point Wealth Management LLC purchased a new position in Fidelity Cloud Computing ETF during the fourth quarter valued at $1,549,000. Jane Street Group LLC raised its stake 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 valued at $1,094,000 after buying an additional 5,662 shares during the last quarter. Rooted Wealth Advisors Inc. raised its stake 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 valued at $1,045,000 after buying an additional 5,830 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake 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 valued at $648,000 after buying an additional 1,918 shares during the last quarter.

Fidelity Cloud Computing ETF Trading Down 1.5%

Shares of BATS:FCLD opened at $36.40 on Thursday. The stock has a fifty day simple moving average of $33.03 and a two-hundred day simple moving average of $30.45. The stock has a market capitalization of $118.30 million, a price-to-earnings ratio of 36.27 and a beta of 1.22. Fidelity Cloud Computing ETF has a 12-month low of $26.01 and a 12-month high of $41.71.

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.