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

Fidelity Cloud Computing ETF (BATS:FCLD) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 139,582 shares, an increase of 561.2% from the July 30th total of 21,111 shares. Based on an average daily volume of 50,569 shares, the short-interest ratio is currently 2.8 days. Currently, 4.3% of the shares of the stock are sold short.

Fidelity Cloud Computing ETF Price Performance

Fidelity Cloud Computing ETF stock traded up $1.53 during midday trading on Thursday, reaching $44.62. The company had a trading volume of 10,767 shares, compared to its average volume of 22,032. The company has a market capitalization of $145.01 million, a P/E ratio of 36.27 and a beta of 1.22. Fidelity Cloud Computing ETF has a 12-month low of $26.01 and a 12-month high of $45.22. The firm’s fifty day simple moving average is $40.00 and its 200-day simple moving average is $34.35.

Hedge Funds Weigh In On Fidelity Cloud Computing ETF

A number of hedge funds have recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Fidelity Cloud Computing ETF in the fourth quarter worth approximately $74,000. LPL Financial LLC acquired a new position in Fidelity Cloud Computing ETF in the 4th quarter valued at $282,000. WCG Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 3,610 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in 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 purchasing an additional 1,918 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Fidelity Cloud Computing ETF by 109.3% during the 1st quarter. Jane Street Group LLC now owns 32,829 shares of the company’s stock worth $781,000 after purchasing an additional 17,142 shares during the last quarter.

Fidelity Cloud Computing ETF Company Profile

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.