Short Interest in Fidelity Clean Energy ETF (BATS:FRNW) Increases By 103.7%

Fidelity Clean Energy ETF (BATS:FRNW) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,227 shares, a growth of 103.7% from the July 30th total of 2,075 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 30,630 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Clean Energy ETF Stock Performance

BATS FRNW opened at $22.23 on Friday. Fidelity Clean Energy ETF has a twelve month low of $17.37 and a twelve month high of $27.97. The stock has a market capitalization of $36.68 million, a PE ratio of 21.58 and a beta of 1.12. The stock has a 50-day simple moving average of $23.04 and a 200 day simple moving average of $23.84.

Institutional Trading of Fidelity Clean Energy ETF

A hedge fund recently bought a new stake in Fidelity Clean Energy ETF stock. Brookstone Capital Management bought a new position in Fidelity Clean Energy ETF (BATS:FRNW) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

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.