Fidelity Cloud Computing ETF (BATS:FCLD – Get Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 13,879 shares, an increase of 309.5% from the May 14th total of 3,389 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 21,874 shares, the days-to-cover ratio is currently 0.6 days.
Fidelity Cloud Computing ETF Stock Up 2.3%
BATS FCLD traded up $0.83 on Friday, reaching $37.69. 12,203 shares of the stock traded hands, compared to its average volume of 20,005. The firm’s fifty day simple moving average is $33.23 and its 200 day simple moving average is $30.51. The company has a market cap of $122.49 million, a price-to-earnings ratio of 36.27 and a beta of 1.22. Fidelity Cloud Computing ETF has a 12 month low of $26.01 and a 12 month high of $41.71.
Hedge Funds Weigh In On Fidelity Cloud Computing ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its stake in Fidelity Cloud Computing ETF by 9.6% during the 4th quarter. Kestra Advisory Services LLC now owns 21,799 shares of the company’s stock valued at $648,000 after purchasing an additional 1,918 shares in the last quarter. LPL Financial LLC bought a new position in Fidelity Cloud Computing ETF during the 4th quarter valued at $282,000. 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 valued at $1,045,000 after purchasing an additional 5,830 shares in the last quarter. High Point Wealth Management LLC bought a new position in Fidelity Cloud Computing ETF during the 4th quarter valued at $1,549,000. Finally, TD Waterhouse Canada Inc. bought a new position in Fidelity Cloud Computing ETF during the 4th quarter valued at $74,000.
Fidelity Cloud Computing ETF Company Profile
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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