Short Interest in Fidelity Clean Energy ETF (BATS:FRNW) Drops By 66.1%

Fidelity Clean Energy ETF (BATS:FRNW) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 27,826 shares, a drop of 66.1% from the May 31st total of 82,036 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 97,550 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Fidelity Clean Energy ETF

An institutional investor recently raised its position in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 2,145.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,677 shares of the company’s stock after purchasing an additional 9,246 shares during the quarter. 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 Stock Down 2.3%

Fidelity Clean Energy ETF stock opened at $23.52 on Friday. Fidelity Clean Energy ETF has a 12-month low of $15.39 and a 12-month high of $27.97. The business’s 50-day moving average price is $25.50 and its two-hundred day moving average price is $23.36. The stock has a market cap of $38.81 million, a PE ratio of 21.58 and a beta of 1.12.

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.