Short Interest in Fidelity Cloud Computing ETF (BATS:FCLD) Rises By 309.5%

Fidelity Cloud Computing ETF (BATS:FCLD) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 13,879 shares, a growth of 309.5% from the May 14th total of 3,389 shares. Based on an average daily volume of 21,874 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

Fidelity Cloud Computing ETF Stock Performance

BATS FCLD opened at $37.55 on Friday. Fidelity Cloud Computing ETF has a twelve month low of $26.01 and a twelve month high of $41.71. The stock has a market capitalization of $122.04 million, a PE ratio of 36.27 and a beta of 1.22. The stock has a 50-day simple moving average of $33.42 and a 200 day simple moving average of $30.56.

Hedge Funds Weigh In On Fidelity Cloud Computing ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its stake in Fidelity Cloud Computing ETF by 9.6% during the fourth quarter. Kestra Advisory Services LLC now owns 21,799 shares of the company’s stock valued at $648,000 after acquiring an additional 1,918 shares during the period. Advisory Services Network LLC increased its stake in Fidelity Cloud Computing ETF by 1.9% during the third quarter. Advisory Services Network LLC now owns 130,699 shares of the company’s stock valued at $3,821,000 after acquiring an additional 2,432 shares during the period. TD Waterhouse Canada Inc. bought a new position in Fidelity Cloud Computing ETF during the fourth quarter valued at about $74,000. WCG Wealth Advisors LLC increased its stake in Fidelity Cloud Computing ETF by 26.3% during the third quarter. WCG Wealth Advisors LLC now owns 17,360 shares of the company’s stock valued at $507,000 after acquiring an additional 3,610 shares during the period. Finally, Jane Street Group LLC increased its stake in Fidelity Cloud Computing ETF by 17.2% during the second quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock valued at $1,094,000 after acquiring an additional 5,662 shares during the period.

About Fidelity Cloud Computing ETF

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.