Short Interest in Fidelity Clean Energy ETF (BATS:FRNW) Drops By 93.6%

Fidelity Clean Energy ETF (BATS:FRNW) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 1,782 shares, a drop of 93.6% from the June 15th total of 27,826 shares. Based on an average daily trading volume, of 270,350 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fidelity Clean Energy ETF stock. Brookstone Capital Management bought a new stake in Fidelity Clean Energy ETF (BATS:FRNW) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 26,054 shares of the company’s stock, valued at approximately $602,000. Brookstone Capital Management owned 1.58% of Fidelity Clean Energy ETF as of its most recent filing with the SEC.

Fidelity Clean Energy ETF Trading Down 0.4%

Shares of FRNW opened at $23.18 on Friday. The company’s fifty day simple moving average is $25.36 and its 200 day simple moving average is $23.58. Fidelity Clean Energy ETF has a 1-year low of $16.44 and a 1-year high of $27.97. The company has a market cap of $38.25 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.