Fidelity Clean Energy ETF (BATS:FRNW) Short Interest Update

Fidelity Clean Energy ETF (BATS:FRNW) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,454 shares, a growth of 93.8% from the June 30th total of 1,782 shares. Based on an average daily trading volume, of 65,183 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Fidelity Clean Energy ETF

A hedge fund recently raised its stake in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. lifted its holdings in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,992 shares of the company’s stock after buying an additional 411 shares during the quarter. Sunbelt Securities Inc. owned about 0.73% of Fidelity Clean Energy ETF worth $277,000 at the end of the most recent quarter.

Fidelity Clean Energy ETF Stock Performance

FRNW stock opened at $21.50 on Thursday. The company has a market capitalization of $35.48 million, a price-to-earnings ratio of 21.58 and a beta of 1.12. Fidelity Clean Energy ETF has a fifty-two week low of $16.50 and a fifty-two week high of $27.97. The stock has a fifty day moving average of $24.52 and a 200-day moving average of $23.78.

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.