Fidelity Cloud Computing ETF (BATS:FCLD) Short Interest Down 73.9% in August

Fidelity Cloud Computing ETF (BATS:FCLD) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 36,401 shares, a decrease of 73.9% from the August 15th total of 139,582 shares. Based on an average daily volume of 40,665 shares, the short-interest ratio is currently 0.9 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FCLD. Kestra Advisory Services LLC grew its stake 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. Advisory Services Network LLC increased its stake in shares of Fidelity Cloud Computing ETF by 1.9% in the 3rd quarter. Advisory Services Network LLC now owns 130,699 shares of the company’s stock valued at $3,821,000 after acquiring an additional 2,432 shares during the last quarter. WCG Wealth Advisors LLC increased its stake in shares of Fidelity Cloud Computing ETF by 26.3% in the 3rd quarter. WCG Wealth Advisors LLC now owns 17,360 shares of the company’s stock valued at $507,000 after acquiring an additional 3,610 shares during the last quarter. Jane Street Group LLC raised its position in shares of Fidelity Cloud Computing ETF by 17.2% in the 2nd quarter. Jane Street Group LLC now owns 38,491 shares of the company’s stock valued at $1,094,000 after acquiring an additional 5,662 shares during the period. Finally, Rooted Wealth Advisors Inc. boosted its stake in Fidelity Cloud Computing ETF by 18.5% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 37,286 shares of the company’s stock worth $1,045,000 after acquiring an additional 5,830 shares during the last quarter.

Fidelity Cloud Computing ETF Stock Performance

FCLD opened at $43.50 on Monday. The business’s 50 day moving average is $41.51 and its 200-day moving average is $35.71. The stock has a market cap of $141.38 million, a PE ratio of 36.27 and a beta of 1.22. Fidelity Cloud Computing ETF has a twelve month low of $26.01 and a twelve month high of $45.80.

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.