Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sees Large Decrease in Short Interest

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 72,830 shares, a decline of 14.0% from the February 26th total of 84,706 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 359,006 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

Several institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC bought a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $26,000. SHP Wealth Management purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth $27,000. Geneos Wealth Management Inc. purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the third quarter worth $33,000. Atlantic Union Bankshares Corp raised its holdings in Fidelity MSCI Real Estate Index ETF by 81.7% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,817 shares of the company’s stock valued at $51,000 after buying an additional 817 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 147.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock valued at $49,000 after buying an additional 1,094 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Up 1.4%

NYSEARCA FREL opened at $26.91 on Wednesday. The company has a 50-day simple moving average of $27.98 and a two-hundred day simple moving average of $27.58. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.35 and a 12-month high of $29.21. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 34.96 and a beta of 1.03.

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.