Fidelity Cloud Computing ETF (BATS:FCLD – Get Free Report) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 19,638 shares, a decrease of 74.4% from the October 15th total of 76,851 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 36,054 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in FCLD. Root Financial Partners LLC acquired a new position in Fidelity Cloud Computing ETF during the 3rd quarter valued at about $111,000. HighTower Advisors LLC purchased a new stake in Fidelity Cloud Computing ETF in the third quarter valued at about $291,000. Commonwealth Financial Services LLC acquired a new stake in Fidelity Cloud Computing ETF in the third quarter worth about $832,000. Kestra Advisory Services LLC boosted its holdings in Fidelity Cloud Computing ETF by 2.2% in the third quarter. Kestra Advisory Services LLC now owns 22,454 shares of the company’s stock worth $1,005,000 after acquiring an additional 483 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in Fidelity Cloud Computing ETF in the third quarter worth about $1,849,000.
Fidelity Cloud Computing ETF Trading Up 3.5%
Shares of FCLD opened at $40.28 on Thursday. Fidelity Cloud Computing ETF has a 12 month low of $26.01 and a 12 month high of $46.19. The stock has a fifty day moving average price of $43.68 and a 200-day moving average price of $36.69. The firm has a market cap of $140.98 million, a PE ratio of 23.70 and a beta of 1.30.
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.
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