Short Interest in Fidelity Clean Energy ETF (BATS:FRNW) Decreases By 93.6%

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

Fidelity Clean Energy ETF Trading Down 0.4%

Fidelity Clean Energy ETF stock traded down $0.10 during midday trading on Friday, hitting $23.18. The stock had a trading volume of 24,132 shares, compared to its average volume of 97,719. Fidelity Clean Energy ETF has a 52-week low of $16.44 and a 52-week 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 firm’s fifty day moving average is $25.36 and its two-hundred day moving average is $23.58.

Institutional Trading of Fidelity Clean Energy ETF

A hedge fund recently bought a new stake in Fidelity Clean Energy ETF stock. Brookstone Capital Management acquired a new stake in shares of Fidelity Clean Energy ETF (BATS:FRNW) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,054 shares of the company’s stock, valued at approximately $602,000. Brookstone Capital Management owned 1.58% of Fidelity Clean Energy ETF at the end of the most recent reporting period.

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.