Fidelity Clean Energy ETF (BATS:FRNW) Sees Significant Growth in Short Interest

Fidelity Clean Energy ETF (BATS:FRNW) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 82,036 shares, an increase of 137.6% from the May 14th total of 34,526 shares. Based on an average trading volume of 87,642 shares, the short-interest ratio is currently 0.9 days. Currently, 5.0% of the company’s stock are sold short.

Fidelity Clean Energy ETF Price Performance

Shares of Fidelity Clean Energy ETF stock opened at $24.99 on Friday. Fidelity Clean Energy ETF has a 1 year low of $14.88 and a 1 year high of $27.97. The firm’s 50-day moving average is $25.30 and its two-hundred day moving average is $23.06. The stock has a market cap of $41.23 million, a price-to-earnings ratio of 21.58 and a beta of 1.12.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. boosted its holdings in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 2,145.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,677 shares of the company’s stock after acquiring an additional 9,246 shares during the period. Sunbelt Securities Inc. owned about 0.59% of Fidelity Clean Energy ETF worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.