Fidelity Clean Energy ETF (BATS:FRNW – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,243 shares, a decrease of 66.4% from the September 30th total of 3,698 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 34,295 shares, the days-to-cover ratio is presently 0.0 days.
Fidelity Clean Energy ETF Stock Down 0.8%
BATS:FRNW opened at $20.08 on Thursday. The business’s 50-day moving average price is $21.41 and its two-hundred day moving average price is $23.12. Fidelity Clean Energy ETF has a twelve month low of $19.24 and a twelve month high of $27.97. The stock has a market cap of $33.13 million, a P/E ratio of 21.58 and a beta of 1.12.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Brookstone Capital Management raised its stake in Fidelity Clean Energy ETF by 31.7% in the third quarter. Brookstone Capital Management now owns 45,654 shares of the company’s stock valued at $962,000 after purchasing an additional 10,984 shares in the last quarter. Citadel Advisors LLC bought a new stake in Fidelity Clean Energy ETF during the second quarter valued at approximately $327,000. Sunbelt Securities Inc. lifted its position in Fidelity Clean Energy ETF by 3.5% during the first quarter. Sunbelt Securities Inc. now owns 11,992 shares of the company’s stock valued at $277,000 after purchasing an additional 411 shares during the last quarter. Finally, IFP Advisors Inc purchased a new position in Fidelity Clean Energy ETF in the 2nd quarter worth approximately $62,000.
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.
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