Fidelity Clean Energy ETF (BATS:FRNW – Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,532 shares, a decrease of 63.8% from the August 15th total of 4,227 shares. Based on an average daily trading volume, of 27,759 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Investors Weigh In On Fidelity Clean Energy ETF
Several hedge funds have recently bought and sold shares of FRNW. IFP Advisors Inc purchased a new position in shares of Fidelity Clean Energy ETF during the 2nd quarter valued at approximately $62,000. Sunbelt Securities Inc. boosted its holdings in 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 buying an additional 411 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Fidelity Clean Energy ETF during the second quarter valued at $327,000. Finally, Brookstone Capital Management acquired a new stake in Fidelity Clean Energy ETF during the first quarter valued at $602,000.
Fidelity Clean Energy ETF Trading Down 0.6%
BATS FRNW traded down $0.12 on Tuesday, hitting $21.57. 5,864 shares of the company’s stock traded hands, compared to its average volume of 79,642. Fidelity Clean Energy ETF has a 1-year low of $18.63 and a 1-year high of $27.97. The firm’s 50-day moving average price is $22.61 and its two-hundred day moving average price is $23.77. The firm has a market capitalization of $35.59 million, a PE ratio of 21.58 and a beta of 1.12.
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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