Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Update

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 143,734 shares, an increase of 97.4% from the March 15th total of 72,830 shares. Based on an average daily trading volume, of 279,146 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at about $26,000. SHP Wealth Management purchased a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at about $27,000. Geneos Wealth Management Inc. purchased a new stake in Fidelity MSCI Real Estate Index ETF in the third quarter valued at about $33,000. Transamerica Financial Advisors LLC raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 147.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock worth $49,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Atlantic Union Bankshares Corp raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 81.7% in the third quarter. Atlantic Union Bankshares Corp now owns 1,817 shares of the company’s stock worth $51,000 after purchasing an additional 817 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

Fidelity MSCI Real Estate Index ETF stock traded up $0.07 during midday trading on Friday, reaching $28.23. The company’s stock had a trading volume of 219,753 shares, compared to its average volume of 434,610. The stock’s 50-day simple moving average is $28.00 and its 200-day simple moving average is $27.57. Fidelity MSCI Real Estate Index ETF has a 52-week low of $24.58 and a 52-week high of $29.21. The stock has a market capitalization of $1.41 billion, a P/E ratio of 34.96 and a beta of 1.02.

Fidelity MSCI Real Estate Index ETF Company Profile

The Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that is based on the MSCI US IMI\u002FReal Estate 25-25 index. The fund tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum. FREL was launched on Feb 2, 2015 and is managed by Fidelity.