Short Interest in Fidelity Clean Energy ETF (BATS:FRNW) Expands By 137.6%

Fidelity Clean Energy ETF (BATS:FRNW) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 82,036 shares, a growth of 137.6% from the May 14th total of 34,526 shares. Based on an average daily volume of 87,642 shares, the days-to-cover ratio is currently 0.9 days. Approximately 5.0% of the company’s shares are sold short.

Institutional Trading of Fidelity Clean Energy ETF

An institutional investor recently raised its position in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. grew its position in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,581 shares of the company’s stock after purchasing an additional 1,904 shares during the quarter. Sunbelt Securities Inc. owned approximately 0.70% of Fidelity Clean Energy ETF worth $235,000 as of its most recent SEC filing.

Fidelity Clean Energy ETF Trading Up 1.2%

Shares of FRNW stock opened at $24.99 on Friday. The business’s 50-day moving average price is $25.30 and its 200-day moving average price is $23.06. Fidelity Clean Energy ETF has a 12 month low of $14.88 and a 12 month high of $27.97. The firm has a market capitalization of $41.23 million, a price-to-earnings ratio of 21.58 and a beta of 1.12.

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.