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

Fidelity Cloud Computing ETF (BATS:FCLD) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 573 shares, a drop of 74.0% from the April 15th total of 2,206 shares. Based on an average trading volume of 13,553 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Fidelity Cloud Computing ETF

A number of institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC increased its holdings in shares of Fidelity Cloud Computing ETF by 9.6% in the 4th quarter. Kestra Advisory Services LLC now owns 21,799 shares of the company’s stock valued at $648,000 after acquiring an additional 1,918 shares during the period. Advisory Services Network LLC increased its holdings in shares of Fidelity Cloud Computing ETF by 1.9% in the 3rd quarter. Advisory Services Network LLC now owns 130,699 shares of the company’s stock valued at $3,821,000 after acquiring an additional 2,432 shares during the period. TD Waterhouse Canada Inc. acquired a new position in shares of Fidelity Cloud Computing ETF in the 4th quarter valued at $74,000. WCG Wealth Advisors LLC increased its holdings in shares of Fidelity Cloud Computing ETF by 26.3% in the 3rd quarter. WCG Wealth Advisors LLC now owns 17,360 shares of the company’s stock valued at $507,000 after acquiring an additional 3,610 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Fidelity Cloud Computing ETF by 17.2% in the 2nd quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock valued at $1,094,000 after acquiring an additional 5,662 shares during the period.

Fidelity Cloud Computing ETF Trading Down 1.0%

BATS:FCLD traded down $0.34 during midday trading on Wednesday, hitting $34.04. 7,499 shares of the company were exchanged, compared to its average volume of 18,250. The company has a fifty day simple moving average of $29.27 and a 200 day simple moving average of $29.53. Fidelity Cloud Computing ETF has a fifty-two week low of $26.01 and a fifty-two week high of $35.71. The company has a market capitalization of $110.63 million, a PE ratio of 36.27 and a beta of 1.22.

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.