Fidelity Clean Energy ETF (BATS:FRNW) Stock Short Interest Climbs 78.0%

Fidelity Clean Energy ETF (BATS:FRNW) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 3,698 shares, an increase of 78.0% from the September 15th total of 2,078 shares. Based on an average daily volume of 25,154 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Fidelity Clean Energy ETF

Large investors have recently modified their holdings of the stock. Brookstone Capital Management bought a new position in Fidelity Clean Energy ETF in the 1st quarter valued at about $602,000. IFP Advisors Inc bought a new stake in Fidelity Clean Energy ETF in the 2nd quarter valued at about $62,000. Citadel Advisors LLC bought a new stake in Fidelity Clean Energy ETF in the 2nd quarter valued at about $327,000. Finally, Sunbelt Securities Inc. grew its position in shares of Fidelity Clean Energy ETF by 3.5% during the 1st quarter. Sunbelt Securities Inc. now owns 11,992 shares of the company’s stock worth $277,000 after purchasing an additional 411 shares in the last quarter.

Fidelity Clean Energy ETF Trading Down 3.6%

BATS FRNW opened at $20.31 on Thursday. The firm has a market capitalization of $33.51 million, a P/E ratio of 21.58 and a beta of 1.12. The firm’s fifty day moving average price is $21.96 and its two-hundred day moving average price is $23.55. Fidelity Clean Energy ETF has a 1 year low of $19.24 and a 1 year high of $27.97.

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.