Fidelity Cloud Computing ETF (BATS:FCLD) Sees Large Increase in Short Interest

Fidelity Cloud Computing ETF (BATS:FCLD) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 139,582 shares, an increase of 561.2% from the July 30th total of 21,111 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average daily volume of 50,569 shares, the days-to-cover ratio is currently 2.8 days.

Fidelity Cloud Computing ETF Stock Up 4.4%

BATS:FCLD opened at $45.00 on Friday. The stock’s 50 day moving average price is $40.13 and its 200 day moving average price is $34.47. The company has a market capitalization of $146.25 million, a PE ratio of 36.27 and a beta of 1.22. Fidelity Cloud Computing ETF has a 52-week low of $26.01 and a 52-week high of $45.22.

Institutional Investors Weigh In On Fidelity Cloud Computing ETF

Large investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. acquired a new position in shares of Fidelity Cloud Computing ETF in the 4th quarter valued at $74,000. LPL Financial LLC purchased a new stake in shares of Fidelity Cloud Computing ETF during the fourth quarter worth approximately $282,000. WCG Wealth Advisors LLC raised its stake in shares of 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 worth $507,000 after purchasing an additional 3,610 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of 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 worth $648,000 after purchasing an additional 1,918 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Fidelity Cloud Computing ETF by 109.3% during the first quarter. Jane Street Group LLC now owns 32,829 shares of the company’s stock worth $781,000 after purchasing an additional 17,142 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.