Fidelity Real Estate Investment ETF (BATS:FPRO) Short Interest Update

Fidelity Real Estate Investment ETF (BATS:FPRO) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 24,389 shares, an increase of 182.6% from the April 30th total of 8,631 shares. Based on an average daily volume of 8,775 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

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

Fidelity Real Estate Investment ETF Stock Down 0.9%

BATS:FPRO opened at $24.61 on Friday. The business’s 50-day moving average price is $24.13 and its 200 day moving average price is $23.42. The firm has a market cap of $16.61 million, a P/E 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 $25.08.

Fidelity Real Estate Investment ETF Company Profile

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.