Fidelity Clean Energy ETF (BATS:FRNW) Shares Shorted: Short Interest Up 78.0% in September

Fidelity Clean Energy ETF (BATS:FRNW) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,698 shares, an increase of 78.0% from the September 15th total of 2,078 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 25,154 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Clean Energy ETF Trading Down 0.3%

BATS FRNW traded down $0.07 on Friday, hitting $20.32. 29,687 shares of the stock traded hands, compared to its average volume of 73,956. The stock has a 50-day moving average of $21.86 and a 200 day moving average of $23.51. Fidelity Clean Energy ETF has a twelve month low of $19.24 and a twelve month high of $27.97. The company has a market capitalization of $33.53 million, a P/E ratio of 21.58 and a beta of 1.12.

Institutional Investors Weigh In On Fidelity Clean Energy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brookstone Capital Management bought a new position in Fidelity Clean Energy ETF during the first quarter worth $602,000. Citadel Advisors LLC acquired a new stake in shares of Fidelity Clean Energy ETF during the second quarter worth $327,000. Sunbelt Securities Inc. raised its holdings in shares of Fidelity Clean Energy ETF by 3.5% during the first quarter. Sunbelt Securities Inc. now owns 11,992 shares of the company’s stock worth $277,000 after purchasing an additional 411 shares during the period. Finally, IFP Advisors Inc bought a new position in shares of Fidelity Clean Energy ETF in the 2nd quarter worth about $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.