Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 62,772 shares, a decline of 36.3% from the April 15th total of 98,470 shares. Based on an average daily volume of 334,168 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.
Institutional Trading of Fidelity MSCI Real Estate Index ETF
A number of hedge funds have recently bought and sold shares of FREL. Bank of America Corp DE increased its position in 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 valued at $276,329,000 after acquiring an additional 10,228,250 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Fidelity MSCI Real Estate Index ETF by 81.6% during the third quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock valued at $26,889,000 after acquiring an additional 434,332 shares during the last quarter. AE Wealth Management LLC increased its position in Fidelity MSCI Real Estate Index ETF by 30.8% during the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after acquiring an additional 380,393 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Fidelity MSCI Real Estate Index ETF by 82.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 761,510 shares of the company’s stock valued at $21,178,000 after acquiring an additional 344,617 shares during the last quarter. Finally, Citizens & Northern Corp increased its position in Fidelity MSCI Real Estate Index ETF by 32.2% during the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after acquiring an additional 264,741 shares during the last quarter.
Fidelity MSCI Real Estate Index ETF Stock Performance
Shares of FREL stock traded up $0.06 during mid-day trading on Tuesday, hitting $28.91. The company’s stock had a trading volume of 103,499 shares, compared to its average volume of 390,374. Fidelity MSCI Real Estate Index ETF has a 52-week low of $26.19 and a 52-week high of $29.56. The business has a 50-day moving average price of $28.23 and a 200 day moving average price of $27.80. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 34.96 and a beta of 1.00.
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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