Fidelity Cloud Computing ETF (BATS:FCLD) Sees Significant Drop in Short Interest

Fidelity Cloud Computing ETF (BATS:FCLD) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 19,638 shares, a decrease of 74.4% from the October 15th total of 76,851 shares. Based on an average daily volume of 36,054 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the shares of the stock are short sold.

Fidelity Cloud Computing ETF Stock Performance

Shares of FCLD stock opened at $40.09 on Friday. The stock’s fifty day moving average price is $43.61 and its two-hundred day moving average price is $36.74. The company has a market cap of $140.31 million, a PE ratio of 23.70 and a beta of 1.30. Fidelity Cloud Computing ETF has a fifty-two week low of $26.01 and a fifty-two week high of $46.19.

Hedge Funds Weigh In On Fidelity Cloud Computing ETF

A number of institutional investors have recently modified their holdings of FCLD. Commonwealth Financial Services LLC acquired a new stake in Fidelity Cloud Computing ETF in the third quarter valued at about $832,000. Commonwealth Equity Services LLC bought a new position in Fidelity Cloud Computing ETF in the third quarter valued at about $1,849,000. HighTower Advisors LLC bought a new position in Fidelity Cloud Computing ETF in the third quarter valued at about $291,000. Kestra Advisory Services LLC raised its stake in Fidelity Cloud Computing ETF by 2.2% during the third quarter. Kestra Advisory Services LLC now owns 22,454 shares of the company’s stock worth $1,005,000 after acquiring an additional 483 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in Fidelity Cloud Computing ETF during the third quarter worth about $111,000.

About Fidelity Cloud Computing ETF

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.