Short Interest in Fidelity Clean Energy ETF (BATS:FRNW) Increases By 103.7%

Fidelity Clean Energy ETF (BATS:FRNW) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 4,227 shares, an increase of 103.7% from the July 30th total of 2,075 shares. Based on an average daily trading volume, of 30,630 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are short sold.

Fidelity Clean Energy ETF Price Performance

Fidelity Clean Energy ETF stock opened at $22.23 on Friday. The firm has a market capitalization of $36.68 million, a P/E ratio of 21.58 and a beta of 1.12. The stock has a fifty day moving average price of $23.04 and a two-hundred day moving average price of $23.84. Fidelity Clean Energy ETF has a 52-week low of $17.37 and a 52-week high of $27.97.

Institutional Inflows and Outflows

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

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.