Fidelity Cloud Computing ETF (BATS:FCLD) Short Interest Down 47.1% in July

Fidelity Cloud Computing ETF (BATS:FCLD) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 21,111 shares, a decrease of 47.1% from the July 15th total of 39,942 shares. Based on an average daily volume of 15,987 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.6% of the shares of the stock are sold short.

Fidelity Cloud Computing ETF Price Performance

Fidelity Cloud Computing ETF stock opened at $44.11 on Tuesday. The stock has a market cap of $143.36 million, a P/E ratio of 36.27 and a beta of 1.22. Fidelity Cloud Computing ETF has a 1 year low of $26.01 and a 1 year high of $45.22. The firm’s 50 day moving average price is $39.20 and its 200-day moving average price is $33.65.

Hedge Funds Weigh In On Fidelity Cloud Computing ETF

Several institutional investors have recently bought and sold shares of FCLD. TD Waterhouse Canada Inc. bought a new stake in Fidelity Cloud Computing ETF in the 4th quarter valued at $74,000. LPL Financial LLC bought a new position in shares of Fidelity Cloud Computing ETF during the 4th quarter valued at about $282,000. WCG Wealth Advisors LLC grew its position in shares of Fidelity Cloud Computing ETF by 26.3% during the third quarter. WCG Wealth Advisors LLC now owns 17,360 shares of the company’s stock valued at $507,000 after purchasing an additional 3,610 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of Fidelity Cloud Computing ETF by 9.6% during the fourth quarter. Kestra Advisory Services LLC now owns 21,799 shares of the company’s stock valued at $648,000 after purchasing an additional 1,918 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Fidelity Cloud Computing ETF by 109.3% during the first quarter. Jane Street Group LLC now owns 32,829 shares of the company’s stock valued at $781,000 after purchasing an additional 17,142 shares in the last quarter.

About Fidelity Cloud Computing ETF

The Fidelity Cloud Computing ETF (FCLD) is an exchange-traded fund that is based on the Fidelity Cloud Computing index, a market-cap-weighted index of global companies that provide products and\u002For services enabling increased usage of cloud computing. FCLD was launched on Oct 5, 2021 and is managed by Fidelity.