Fidelity Clean Energy ETF (BATS:FRNW) Trading Up 21.7% – Here’s Why

Fidelity Clean Energy ETF (BATS:FRNW)’s stock price rose 21.7% during trading on Monday . The company traded as high as $17.3190 and last traded at $20.6450. Approximately 10,150 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 7,847 shares. The stock had previously closed at $16.9650.

Fidelity Clean Energy ETF Stock Performance

The business’s 50 day moving average is $20.76 and its 200-day moving average is $18.81. The firm has a market capitalization of $34.06 million, a price-to-earnings ratio of 21.58 and a beta of 1.12.

Hedge Funds Weigh In On Fidelity Clean Energy ETF

A hedge fund recently bought a new stake in Fidelity Clean Energy ETF stock. Menora Mivtachim Holdings LTD. bought a new stake in shares of Fidelity Clean Energy ETF (BATS:FRNW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,815 shares of the company’s stock, valued at approximately $169,000. Menora Mivtachim Holdings LTD. owned 0.66% of Fidelity Clean Energy ETF as of its most recent SEC filing.

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.