Short Interest in Fidelity Clean Energy ETF (BATS:FRNW) Rises By 93.8%

Fidelity Clean Energy ETF (BATS:FRNWGet Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 3,454 shares, a growth of 93.8% from the June 30th total of 1,782 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 65,183 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Fidelity Clean Energy ETF

An institutional investor recently bought a new position in Fidelity Clean Energy ETF stock. Brookstone Capital Management bought a new stake in Fidelity Clean Energy ETF (BATS:FRNWFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,054 shares of the company’s stock, valued at approximately $602,000. Brookstone Capital Management owned about 1.58% of Fidelity Clean Energy ETF as of its most recent SEC filing.

Fidelity Clean Energy ETF Price Performance

Shares of Fidelity Clean Energy ETF stock opened at $21.50 on Thursday. Fidelity Clean Energy ETF has a 1 year low of $16.50 and a 1 year high of $27.97. The firm has a market cap of $35.48 million, a PE ratio of 21.58 and a beta of 1.12. The company has a 50 day simple moving average of $24.52 and a two-hundred day simple moving average of $23.78.

About Fidelity Clean Energy ETF

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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.

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