Fidelity Clean Energy ETF (BATS:FRNW) Sees Large Decline in Short Interest

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

Fidelity Clean Energy ETF Trading Up 0.5%

BATS:FRNW 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 firm’s fifty day simple moving average is $22.66 and its 200 day simple moving average is $23.78. The firm has a market capitalization of $36.76 million, a PE ratio of 21.58 and a beta of 1.12.

Hedge Funds Weigh In On Fidelity Clean Energy ETF

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

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.