Short Interest in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Grows By 236.6%

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 177,026 shares, a growth of 236.6% from the November 30th total of 52,585 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 393,485 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 393,485 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

Institutional investors have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the second quarter worth $27,000. Geneos Wealth Management Inc. bought a new stake in Fidelity MSCI Real Estate Index ETF in the 3rd quarter valued at $33,000. Realta Investment Advisors purchased a new stake in Fidelity MSCI Real Estate Index ETF in the 3rd quarter worth $120,000. Smartleaf Asset Management LLC boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 45.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 4,850 shares of the company’s stock valued at $132,000 after purchasing an additional 1,511 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter valued at about $139,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of Fidelity MSCI Real Estate Index ETF stock traded up $0.02 during trading hours on Friday, hitting $27.01. The company’s stock had a trading volume of 183,636 shares, compared to its average volume of 219,832. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.35 and a 12-month high of $28.75. The business has a 50 day moving average price of $27.27 and a two-hundred day moving average price of $27.40. The company has a market cap of $1.06 billion, a PE ratio of 34.96 and a beta of 1.03.

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.