Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Get Free Report) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 13,558 shares, a decline of 90.5% from the June 30th total of 142,215 shares. Based on an average trading volume of 268,836 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Fidelity MSCI Real Estate Index ETF Price Performance
Shares of FREL traded up $0.62 on Friday, hitting $30.59. The company’s stock had a trading volume of 300,638 shares, compared to its average volume of 346,043. The company has a market capitalization of $1.53 billion, a PE ratio of 34.96 and a beta of 0.98. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $26.37 and a fifty-two week high of $30.72. The company has a 50 day moving average price of $29.48 and a 200 day moving average price of $28.60.
Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF
A number of institutional investors and hedge funds have recently bought and sold shares of FREL. Bank of America Corp DE grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 25,321.8% during the first quarter. Bank of America Corp DE now owns 10,268,643 shares of the company’s stock worth $276,329,000 after purchasing an additional 10,228,250 shares during the last quarter. AE Wealth Management LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 30.8% during the 4th quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after buying an additional 380,393 shares in the last quarter. Citizens & Northern Corp lifted its position in Fidelity MSCI Real Estate Index ETF by 32.2% during the 4th quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock worth $29,231,000 after buying an additional 264,741 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity MSCI Real Estate Index ETF by 7.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 815,738 shares of the company’s stock worth $21,935,000 after acquiring an additional 54,228 shares during the last quarter. Finally, Black Diamond Financial LLC grew its holdings in Fidelity MSCI Real Estate Index ETF by 10.9% during the 4th quarter. Black Diamond Financial LLC now owns 752,837 shares of the company’s stock worth $20,244,000 after acquiring an additional 74,069 shares during the last quarter.
About Fidelity MSCI Real Estate Index ETF
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.
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