Fidelity Clean Energy ETF (BATS:FRNW) Stock Price Down 2.8% – Here’s Why

Fidelity Clean Energy ETF (BATS:FRNW) dropped 2.8% during mid-day trading on Monday . The stock traded as low as $13.29 and last traded at $13.04. Approximately 4,100 shares changed hands during trading, The stock had previously closed at $13.42.

Fidelity Clean Energy ETF Trading Down 2.8 %

The company’s 50 day moving average price is $13.90 and its 200-day moving average price is $14.61. The company has a market capitalization of $22.81 million, a PE ratio of 11.30 and a beta of 1.39.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fidelity Clean Energy ETF stock. Jane Street Group LLC acquired a new stake in Fidelity Clean Energy ETF (BATS:FRNW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,996 shares of the company’s stock, valued at approximately $274,000. Jane Street Group LLC owned approximately 0.97% of Fidelity Clean Energy ETF at the end of the most recent reporting period.

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.