Short Interest in Fidelity Clean Energy ETF (BATS:FRNW) Drops By 66.1%

Fidelity Clean Energy ETF (BATS:FRNW) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 27,826 shares, a decline of 66.1% from the May 31st total of 82,036 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 97,550 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity Clean Energy ETF Trading Down 2.3%

BATS FRNW opened at $23.52 on Friday. The firm has a market capitalization of $38.81 million, a price-to-earnings ratio of 21.58 and a beta of 1.12. The firm’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $23.36. Fidelity Clean Energy ETF has a 1 year low of $15.39 and a 1 year high of $27.97.

Institutional Investors Weigh In On Fidelity Clean Energy ETF

A hedge fund recently raised its position in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. raised its holdings in Fidelity Clean Energy ETF (BATS:FRNW) by 2,145.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,677 shares of the company’s stock after purchasing an additional 9,246 shares during the quarter. Sunbelt Securities Inc. owned 0.59% of Fidelity Clean Energy ETF worth $188,000 as of its most recent SEC filing.

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.