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

Fidelity Clean Energy ETF (BATS:FRNW) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 27,826 shares, a decrease of 66.1% from the May 31st total of 82,036 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 97,550 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fidelity Clean Energy ETF stock. Brookstone Capital Management bought a new stake in shares of Fidelity Clean Energy ETF (BATS:FRNW) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 26,054 shares of the company’s stock, valued at approximately $602,000. Brookstone Capital Management owned about 1.58% of Fidelity Clean Energy ETF at the end of the most recent reporting period.

Fidelity Clean Energy ETF Stock Up 1.0%

BATS:FRNW opened at $23.76 on Tuesday. The stock has a market cap of $39.20 million, a P/E ratio of 21.58 and a beta of 1.12. The business’s 50-day moving average price is $25.50 and its two-hundred day moving average price is $23.40. Fidelity Clean Energy ETF has a twelve month low of $15.39 and a twelve month high of $27.97.

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.