Fidelity Real Estate Investment ETF (BATS:FPRO) Short Interest Down 88.0% in June

Fidelity Real Estate Investment ETF (BATS:FPRO) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,538 shares, a decline of 88.0% from the May 31st total of 21,138 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 2,948 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

An institutional investor recently bought a new stake in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. bought a new position in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,700 shares of the company’s stock, valued at approximately $85,000. Sunbelt Securities Inc. owned about 0.55% of Fidelity Real Estate Investment ETF as of its most recent SEC filing.

Fidelity Real Estate Investment ETF Stock Performance

BATS:FPRO opened at $25.43 on Friday. The company has a market capitalization of $17.17 million, a PE ratio of 40.43 and a beta of 1.03. The company has a 50 day simple moving average of $24.77 and a two-hundred day simple moving average of $23.75. Fidelity Real Estate Investment ETF has a fifty-two week low of $21.95 and a fifty-two week high of $25.44.

About Fidelity Real Estate Investment ETF

The Fidelity Real Estate Investment ETF (FPRO) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively-managed, non-transparent ETF that invests in global real estate companies. The fund utilizes the Fidelity non-transparent model. FPRO was launched on Feb 2, 2021 and is managed by Fidelity.