Fidelity Real Estate Investment ETF (BATS:FPRO – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 3,750 shares, a decrease of 59.8% from the July 30th total of 9,328 shares. Based on an average daily volume of 3,931 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.6% of the shares of the stock are short sold.
Fidelity Real Estate Investment ETF Stock Down 0.9%
Shares of FPRO opened at $25.20 on Friday. The firm’s fifty day moving average is $25.29 and its two-hundred day moving average is $24.60. The stock has a market cap of $17.01 million, a PE ratio of 40.43 and a beta of 1.03. Fidelity Real Estate Investment ETF has a 52-week low of $21.95 and a 52-week high of $26.30.
Institutional Investors Weigh In On Fidelity Real Estate Investment ETF
A number of large investors have recently made changes to their positions in FPRO. Sunbelt Securities Inc. acquired a new stake in shares of Fidelity Real Estate Investment ETF in the first quarter valued at approximately $85,000. Nwam LLC purchased a new stake in Fidelity Real Estate Investment ETF in the 2nd quarter valued at $90,000. Proficio Capital Partners LLC acquired a new stake in shares of Fidelity Real Estate Investment ETF in the 2nd quarter worth $140,000. Corient Private Wealth LP acquired a new stake in shares of Fidelity Real Estate Investment ETF in the 2nd quarter worth $146,000. Finally, Rehmann Capital Advisory Group purchased a new position in shares of Fidelity Real Estate Investment ETF during the 2nd quarter worth $157,000.
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.
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