Fidelity Clean Energy ETF (BATS:FRNW – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 27,826 shares, a decline of 66.1% from the May 31st total of 82,036 shares. Based on an average trading volume of 97,550 shares, the short-interest ratio is currently 0.3 days. Approximately 1.7% of the company’s stock are sold short.
Fidelity Clean Energy ETF Stock Performance
Shares of FRNW opened at $23.52 on Monday. The company has a market cap of $38.81 million, a price-to-earnings ratio of 21.58 and a beta of 1.12. The business’s fifty day simple moving average is $25.50 and its two-hundred day simple moving average is $23.38. Fidelity Clean Energy ETF has a 12 month low of $15.39 and a 12 month high of $27.97.
Hedge Funds Weigh In On Fidelity Clean Energy ETF
A hedge fund recently bought a new stake in Fidelity Clean Energy ETF stock. Brookstone Capital Management purchased a new stake in shares of Fidelity Clean Energy ETF (BATS:FRNW – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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.
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.
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