Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Short Interest Update

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 32,325 shares, a decrease of 48.7% from the January 29th total of 63,046 shares. Based on an average daily volume of 434,594 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 434,594 shares, the days-to-cover ratio is presently 0.1 days.

Fidelity MSCI Real Estate Index ETF Stock Up 0.2%

NYSEARCA:FREL traded up $0.07 during midday trading on Friday, reaching $29.06. The stock had a trading volume of 190,922 shares, compared to its average volume of 522,939. The firm has a fifty day simple moving average of $27.74 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 stock has a market cap of $1.44 billion, a P/E ratio of 34.96 and a beta of 1.03.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

A number of hedge funds have recently added to or reduced their stakes in the company. AE Wealth Management LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 30.8% in the 4th quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after acquiring an additional 380,393 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 9.3% in the third quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock valued at $37,121,000 after purchasing an additional 113,386 shares in the last quarter. Citizens & Northern Corp grew its position in shares of Fidelity MSCI Real Estate Index ETF by 32.2% in the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after purchasing an additional 264,741 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Fidelity MSCI Real Estate Index ETF by 81.6% in the third quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock valued at $26,889,000 after purchasing an additional 434,332 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 7.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 815,738 shares of the company’s stock worth $21,935,000 after purchasing an additional 54,228 shares in the last quarter.

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.