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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 84,706 shares, an increase of 162.0% from the February 12th total of 32,325 shares. Based on an average daily volume of 185,308 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 185,308 shares, the short-interest ratio is presently 0.5 days.

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 company. Envestnet Asset Management Inc. raised its position in shares of Fidelity MSCI Real Estate Index ETF by 81.6% in the third quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock worth $26,889,000 after buying an additional 434,332 shares in the last quarter. AE Wealth Management LLC grew 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 worth $43,417,000 after buying an additional 380,393 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity MSCI Real Estate Index ETF by 82.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 761,510 shares of the company’s stock worth $21,178,000 after acquiring an additional 344,617 shares during the last quarter. Citizens & Northern Corp increased its stake in Fidelity MSCI Real Estate Index ETF by 32.2% in the 4th quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock worth $29,231,000 after acquiring an additional 264,741 shares during the last quarter. Finally, Townsend Financial Planning LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at about $4,524,000.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of FREL traded down $0.19 during mid-day trading on Thursday, hitting $27.92. The stock had a trading volume of 137,737 shares, compared to its average volume of 496,092. The firm has a market cap of $1.39 billion, a P/E ratio of 34.96 and a beta of 1.03. The business has a fifty day moving average price of $28.03 and a 200-day moving average price of $27.65. Fidelity MSCI Real Estate Index ETF has a 52 week low of $23.35 and a 52 week high of $29.21.

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.