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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 84,706 shares, an increase of 162.0% from the February 12th total of 32,325 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 185,308 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 185,308 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Fidelity MSCI Real Estate Index ETF Stock Performance

FREL traded down $0.31 on Wednesday, reaching $28.11. The company had a trading volume of 158,957 shares, compared to its average volume of 503,718. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $23.35 and a fifty-two week high of $29.21. The stock has a market cap of $1.40 billion, a P/E ratio of 34.96 and a beta of 1.03. The company’s fifty day moving average is $27.99 and its 200 day moving average is $27.64.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth approximately $26,000. Atlantic Union Bankshares Corp acquired a new position in Fidelity MSCI Real Estate Index ETF in the 2nd quarter valued at $27,000. SHP Wealth Management bought a new position in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth $27,000. Geneos Wealth Management Inc. bought a new position in Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth $33,000. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 147.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock worth $49,000 after buying an additional 1,094 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.