Short Interest in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Declines By 39.1%

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 93,164 shares, a decrease of 39.1% from the May 14th total of 152,935 shares. Based on an average daily volume of 216,152 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FREL. PKS Advisory Services LLC boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 1.1% during the 3rd quarter. PKS Advisory Services LLC now owns 35,085 shares of the company’s stock worth $976,000 after acquiring an additional 398 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 5.4% in the 4th quarter. Corient Private Wealth LLC now owns 8,090 shares of the company’s stock valued at $218,000 after purchasing an additional 411 shares in the last quarter. Stone House Investment Management LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 33.0% in the 4th quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock worth $60,000 after purchasing an additional 550 shares during the period. Clarity Asset Management Inc. raised its holdings in Fidelity MSCI Real Estate Index ETF by 3.2% in the 4th quarter. Clarity Asset Management Inc. now owns 17,831 shares of the company’s stock worth $479,000 after purchasing an additional 559 shares during the period. Finally, Palisades Hudson Asset Management L.P. boosted its position in Fidelity MSCI Real Estate Index ETF by 0.9% during the fourth quarter. Palisades Hudson Asset Management L.P. now owns 62,157 shares of the company’s stock worth $1,671,000 after purchasing an additional 563 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of NYSEARCA FREL opened at $29.77 on Wednesday. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 34.96 and a beta of 0.98. The firm’s 50 day simple moving average is $29.02 and its 200-day simple moving average is $28.12. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.37 and a 12 month high of $30.13.

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.