Fidelity Clean Energy ETF (BATS:FRNW – Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,243 shares, a decrease of 66.4% from the September 30th total of 3,698 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 34,295 shares, the short-interest ratio is currently 0.0 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in FRNW. Brookstone Capital Management boosted its holdings in Fidelity Clean Energy ETF by 31.7% in the third quarter. Brookstone Capital Management now owns 45,654 shares of the company’s stock valued at $962,000 after purchasing an additional 10,984 shares during the period. IFP Advisors Inc purchased a new stake in Fidelity Clean Energy ETF during the second quarter worth approximately $62,000. Citadel Advisors LLC acquired a new position in shares of Fidelity Clean Energy ETF in the 2nd quarter valued at $327,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of Fidelity Clean Energy ETF by 3.5% during the first quarter. Sunbelt Securities Inc. now owns 11,992 shares of the company’s stock worth $277,000 after purchasing an additional 411 shares during the last quarter.
Fidelity Clean Energy ETF Stock Performance
BATS:FRNW opened at $20.26 on Friday. Fidelity Clean Energy ETF has a one year low of $19.24 and a one year high of $27.97. The stock has a market cap of $33.43 million, a PE ratio of 21.58 and a beta of 1.12. The stock has a 50 day moving average price of $21.36 and a 200 day moving average price of $23.11.
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.
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