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

Fidelity Clean Energy ETF (BATS:FRNW) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 2,075 shares, a decline of 39.9% from the July 15th total of 3,454 shares. Based on an average daily volume of 30,885 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Fidelity Clean Energy ETF Trading Down 2.1%

Shares of FRNW stock opened at $22.50 on Wednesday. The firm’s 50 day moving average is $23.39 and its 200 day moving average is $23.86. The stock has a market capitalization of $37.12 million, a P/E ratio of 21.58 and a beta of 1.12. Fidelity Clean Energy ETF has a 12 month low of $17.37 and a 12 month high of $27.97.

Institutional Investors Weigh In On Fidelity Clean Energy ETF

An institutional investor recently raised its position in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. lifted its stake in Fidelity Clean Energy ETF (BATS:FRNW) by 2,145.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,677 shares of the company’s stock after acquiring an additional 9,246 shares during the period. Sunbelt Securities Inc. owned approximately 0.59% of Fidelity Clean Energy ETF worth $188,000 at the end of the most recent reporting period.

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.