Fidelity Clean Energy ETF (BATS:FRNW) Trading Down 2.5% – Here’s Why

Fidelity Clean Energy ETF (BATS:FRNW) traded down 2.5% during mid-day trading on Thursday . The stock traded as low as $22.47 and last traded at $22.55. 57,524 shares changed hands during trading, an increase of 19% from the average session volume of 48,463 shares. The stock had previously closed at $23.12.

Fidelity Clean Energy ETF Stock Up 0.3%

The company has a market capitalization of $37.32 million, a P/E ratio of 21.58 and a beta of 1.12. The company has a 50-day moving average of $21.52 and a two-hundred day moving average of $20.14.

Hedge Funds Weigh In On Fidelity Clean Energy ETF

A hedge fund recently bought a new stake in Fidelity Clean Energy ETF stock. Menora Mivtachim Holdings LTD. purchased a new position in Fidelity Clean Energy ETF (BATS:FRNW) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,815 shares of the company’s stock, valued at approximately $169,000. Menora Mivtachim Holdings LTD. owned about 0.66% of Fidelity Clean Energy ETF at the end of the most recent reporting period.

Fidelity Clean Energy ETF Company Profile

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.