Fidelity Clean Energy ETF (BATS:FRNW) Short Interest Down 93.6% in June

Fidelity Clean Energy ETF (BATS:FRNW) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,782 shares, a decrease of 93.6% from the June 15th total of 27,826 shares. Based on an average daily trading volume, of 270,350 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of Fidelity Clean Energy ETF

An institutional investor recently bought a new stake in Fidelity Clean Energy ETF stock. Brookstone Capital Management purchased a new position in Fidelity Clean Energy ETF (BATS:FRNW) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 Performance

Shares of FRNW traded down $0.10 on Friday, hitting $23.18. 24,132 shares of the stock traded hands, compared to its average volume of 97,719. Fidelity Clean Energy ETF has a one year low of $16.44 and a one year high of $27.97. The company has a market capitalization of $38.25 million, a PE ratio of 21.58 and a beta of 1.12. The business has a 50 day simple moving average of $25.39 and a 200 day simple moving average of $23.59.

About Fidelity Clean Energy ETF

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.